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PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST
The World’s Daily Newspaper
Paris, Friday, June 6, 1997
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By David E. Sanger
Ww York Times Ser vice
WASHINGTON — On a warm spring night
last month, the entrepreneurs and billionaires who
built modem-day Hong Kong held an opulent
dinner here at the Foot Seasons Hotel to send the
Washington establishment an urgent message:
Calm down.
Don’t overreact to every Chinese pronounce-
ment about the future of Hong Kong, they told
members of Congress and administration offi-
cials. Don’t assume the worst about restrictions
on civil liberties. And most important, let us
handle Beijing.
“We are not in trouble,” Victor Fung, a prom-
inent property owner, said that night. “We are not
panicked.”
In truth, the Hong Kong business elite is pan-
icked — but about how to manage Washington,
not Beijing. The executives’ fear is that Congress,
with no other tools than economic sanctions at
hand, might lash out in response to a minor
roundup of protesters or a modest political crack-
down, and damage an already rocky relationship
between the United States and China.
Formally, the United States will simply be an
observer July 1 when Prince Charles ends Bri-
tain’s 155-year-long control over Hong Kong, the
booming financial capital of Southeast Asia, to
China. But as a matter of economic realpolitik,
Washington is the central player.
There are more than 1.100U.S. companies with
regional bases in Hong Kong, led by investment
houses like Morgan Stanley and banks like
Citicorp. The U.S. Chamber of Commerce es-
timates, perhaps stretching the numbers a bit. that
U.S.-based companies employ 10 percent of
Hong Kong's work force of 2.5 million.
All sides in the arguments and political ma-
neuvering leading up to the turnover agree that the
United States is the key to Hong Kong's future,
both as a huge investor and trading partner, and as
the single loudest power calling for Beijing to
respect the territory’s autonomy.
And in recent months everyone from the de-
parting British to the bullish-sounding billion-
aires of the Better Hong Kong Foundation, and
'on’t Panic
from labor unionists to Martin Lee. the chief
democracy advocate, have come here in hopes of
manipulating the political and economic levers in
Washington’s bands, to their own ends.
The executives are calling for Washington to
do nothing, arguing that strong reactions can only
anger Beijing. The unions and democracy ad-
vocates see the United States as their only "brake
on China, but decline to specify how Washington
should use its leverage.
Meanwhile, the administration has begun a
lobbying campaign of its own in Hong Kong. In
strong but precisely worded warnings, it has
argued (hat the markets rather than the White
See HONG KONG, Page 12
The Euro’s ’99 Debut
Appears Less Likely
After Victory by Socialists in France ,
Monetary Union’s Timetable Is Awry
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By John Vinocur
tnrenutional Herald Tribune
Christian Saint-Etienne and James
Lister-Cheese are economists who each
have made projections of French eco-
nomic performance based on the left’s
campaign promises. Both men say the
results would mean deficits big enough
to make France fall short of targets ror
participating in European monetary un-
ion.
Edgar Meister is a director of the
German Bundesbank, and Howard Dav-
ies is the future head of the Securities
Despite Rule
} Ry the Left,
No Pink Wave
For Europe
By Tom Buerkle
Itueriunuruil Herald Tribune
BRUSSELS — For Europe’s ascend-
ant left, these are heady days of seem-
ingly unparalleled power.
The victory of France’s Socialist
Party on Sunday is part of a sweeping
change of Europe’s political map. from
Portugal and Greece in the south
through France and Britain to the left's
traditional stronghold in Scandinavia,
Socialist and Social Democratic parties
dominate the political scene, beading
nine of die European Union’s 15 gov-
ernments and participating in coalitions
in four others.
• Spain and Germany are the right's
last bastions, and support for Chancellor
Helmut Kohl’s conservative coalition in
Bonn has dwindled in the face of record
unemployment and a botched attempt to
revalue the country’s gold reserves.
“The opportunity is there to shift the
Union in a direction we’ve always
wanted, to deal with the aspirations and
anxieties of the people,” said Pauline
Green, the British Labour politician
who leads the Socialist bloc in the Euro-
pean Parliament. “First of all, that
means job creation. ”
■ But despite their imposing numbers,
there was little talk of revolution as
Socialist leaders gathered in Malmo,
Sweden, on Thursday for their semi-
annual meeting. Today’s Socialists lack
die means, and the consensus, to reorder
Europe’s economic priorities. And
while their modest reforms may offer
die best hope of sustaining public sup-
port fin: European monetary union, the
See LEFT, Page 7
The Dollar
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Pound 1.6335 1.6332
Vno 115.655 116265
FF 5.832 5£306
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and Investment Board in Britain. Both
men have warned separately this week
against excessive assumptions that
monetary union would come into ex-
istence punctually in January 1999.
Every day now, the heavy stone of
certainty that German and French de-
termination alone would bring the euro,
the common currency, to life on sched-
ule wears away a bit more.
Because (he subject is tinged with
defeat and thwarted promise, the lan-
guage is often that of circumlocution.
But more experts, and more politicians
— in the last few days. Prime Minister
Tony Blair of Britain, the former Chris-
tian Democratic finance minis ter of
Germany Gerhard Stoltenberg and the
likely Social Democratic candidate for
chancellor, Gerhard Schroeder — are
now putting their names next -to their
belief that Europe could well live, and
may have to live, with a delay.
In the space of a week, the givens
changed. Tne election of a Socialist-led
government in France with ambitious
France facing a dud on who decides
its foreign policy. Page 7.
public-sector spending plans, combined
with Germany's botched attempt to re-
value its gold reserves, cast the un-
certainty of the project’s start in a harsh
new light. No major European elected
official has specifically called for a
delay, but the tone of the discussion is
changing palpably.
Against the view of Chancellor
Helmut Kohl of Germany, who has
warned against monetary union delay
almost in terms of war and peace, a
Bundesbank council member, Hans-
Jnergen Koebnick, said Wednesday that
it was “no catastrophe' ' to talk about a
postponement In Germany, where
monetary union is widely unpopular. 7 1
percent of those surveyed in a poll made
public Thursday favored a delay.
Those who see importance in keeping
to the European Union’s timetable feel a
See FRANCE, Page 7
AGENDA
Milosevic to Seek
Top Yugoslav Post
BELGRADE (AFP)— -The Serbian
president, Slobodan Milosevic, will
run for the presidency of the Federal
Yugoslav Republic in coming elec-
tions, the independent BK television
channel reported Thursday, citing a
top official of Mr. Milosevic’s gov-
erning Socialist Party.
Milorad Vucelic, the party’s vice
president, made the announcement
after meeting officials from Serbia and
Montenegro, the two stales that make
up Federal Yugoslavia, in Podgorica,
Montenegro.
The current Yugoslav president,
Zoran Lilic, is to step down when his
mandate expires on June 25. The con-
stitution prevents him seeking another
term.
Cohen Plans Trip
WASHINGTON (Renters) — De-
fense Secretary William Cohen will
artead a NATO meeting in Belgium and
visit Saudi Arabia and four other Gulf
states on a trip beginning next week.
111.- Vw.ijl.nl l\i-
A man in Algiers signing the registry alter casting his ballot Thursday for a multiparty Parliament
Pentagon Draws \ Line 9 on Sex Cases
Cohen Decides to Disregard Adultery of Candidate to Head Joint Chiefs
By Eric Schmitt
WfH* York Times Service
WASHINGTON — After months of upheaval in the mil-
itary over sexual relationships. Defense Secretary William
Cohen has drawn “a line'* and decided to forgive a top air
force general's adulterous affair in the mid-1980s, saying it
did not disqualify him as a leading candidate for chairman of
the Joint Chiefs of Staff.
Beyond the specific case, Mr. Cohen suggested Wed-
nesday that the military’s search for sexual misconduct was
spinning out of control, and threatened to drum out ac-
coraplished officers iudiscriminately.
Mr. Cohen said in an interview that General Joseph Ralston
of the air force admitted to him under questioning that he had
carried on a yearlong relationship with a civilian woman
while the two were students at the National War College in
1983 and 1984. General Ralston, who was then a colonel, was
estranged from his wife. They later reconciled briefly, then
divorced.
See GENERAL, Page 12
A government official who attended the college at the time
described the affair as “flagrant'' and said the woman in-
volved was an intelligence officer.
Mr. Cohen said that despite the episode, he considered
General Ralston “a top candidate’’ for the nation's highest
military job. He said the transgression was outweighed by the
general’s sterling 32-year record.
He also said he was persuaded to forgive the affair, even
though adultery is considered a crime under military law,
because it happened 13 years ago during General Ralston's
separation from his wife, it involved a woman outside the
military and it did not threaten the morale and discipline of the
aimed forces.
“I have concluded that the actions taken back in the mid-
1 980s did not disrupt the good order of the armed forces. ” Mr.
Cohen said in die interview in his Pentagon office, “and did
not and would not have brought discredit on the armed forces
under those circumstances and would not automatically dis-
No. 35340
Algerians,
Ignoring
Threats, Go
To the Polls
Government Puts
Turnout at Over 56%
Amid Tight Security
By John Lancaster
M i u/iffi ;;■•!! Post Son n o
ALGIERS — In an atmosphere of
rigid security and relative calm. Al-
gerians fumed out in significant num-
bers Thursday to vote in their first mul-
tiparty general elections since the
eruption of civil war between Islamic
extremists and government security
forces in 1992.
Notwithstanding threats of violence
by the militants, and continued doubts
about the government's commitment to
democracy, polling officials reported
strong participationby voters, who were
casting ballots in the contest for the 380-
seat Naiional Assembly. Many appar-
ently saw the contest as an opportunity
to signal disgust with the bloodshed that
so far has killed an estimated 60.000
people.
[Most polling stations closed across
Algeria at 7 P.M.. bur voting was ex-
tended by an hour at some stations be-
cause of high voter turnout, Reuters
reported.
[Interior Minister Mustapha Ben-
mansour said at a news conference that
the election was held in "very fine"
conditions and that turnout stood at
56.02 percent by 6 P.M-3
“My deepest hope is to see the coun-
try come back to normal as before, to go
out without fear, to work without wor-
ries,” said Mohammed Belaid, a 30-
year-old gardener, after voting in a
primary school on the fringe of the
capital’s Casbah. or old city.
But voting was marred by reports of
scattered violence in outlying areas, as
well as accusations of widespread fraud
by opposition parties who say the gov-
ernment has no intention of permitting
genuine political pluralism in the vast
North African country. In one reported
instance, a bomb exploded outside of
the capital and wounded three people.
Last November, the government
pushed through a constitutional amend-
ment that greatly limited the Parlia-
ment's powers, and the main opposition
party, the Islamic Salvation Front, has
been declared illegal. In January 1992,
the government canceled multiparty
elections that the front was poised to
win, provoking the civil war.
For now, however, the vote Thursday
appears likely to bolster the military-
backed regime of President Liamine
Zeroual, who is eager to restore some of
the government's legitimacy as well as
demonstrate that its security forces are
able to contain the militant threat.
Even by Algerian standards, security
in the capital was extraordinarily tight,
with armored personnel carriers parked
at major intersections and soldiers in
See ALGERIA, Page 12
Son’s Bribery Indictment
Wounds Korean Leader
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Martina Hingis of Switzerland celebrating her victory Thursday over
Monica Seles of the United States in their semifinal at the French Open.
PAGE TWO
.in Indian Medicine Homan’s Legacy
THE AMERICAS Page3.
Clinton Plans Race Relations Panel
Books Page 11.
Opinion Pages 8-9.
Sports Pages 20-21.
Thelntermarkat Page 4.
The IHT on-line http://vyvA7.iht.com
CiXvpiifd hr Our Sstf Frmi Oojta. tm
SEOUL — A son of President Kim
Young Sam of South Korea was
charged Thursday with bribery and tax
evasion in a corruption scandal thar has
crippled his father’s administration.
Hie son’s indictment was the final act
in a four-month investigation that des-
troyed the president's hopes of influ-
encing the choice of his successor and
provoked violent student protests
against corruption.
Kim Hyun Chul, 37, was charged
with taking $3.6 million in bribes from
two businessmen seeking government
contracts and licenses and his influence
in a court case over a stock dispute.
Prosecutors also charged him with
taking $3.8 million in cash from four
businessmen and laundering the money
to evade $1.5 million in taxes. Those
payments were not bribes, they said.
The younger Kim, arrested May 17.
has denied wrongdoing. He is the first
close relative of an incumbent South
Korean president to face criminal
charges. Such a prosecution move would
have been unthinkable when the nation
was ruled by the military leaders who
preceded President Kim. If found guilty
of both bribery and tax evasion, the son
could be sentenced to life in prison.
The case has destroyed the presi-
dent's credibility ahead of a December
presidential election. By law, Mr. Kim
cannot succeed himself, but he had
hoped to influence the result.
Prosecutors also indicted Kim Ki
Sop, a senior government intelligence
official close to the president’s son, for
taking $169,000 in Dribes from a busi-
nessman seeking a government cable
television license.
In the past week, thousands of stu-
dents demanding the president's resig-
nation have clashed with the police al-
most daily. The clashes have left two
people dead.
More than 1,000 students were de-
tained in connection with the fighting.
See KOREA, Page 12
AT&T
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Gabon — .*1100 Cf* Senegd — 1.100 Cf*
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May Cd«K. 1.250 CFA Tuw*-~~ .1.250 Dh
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Ffc US. W (£ud-~si3>
Kingmaker Role May Fall Again to Spring as Irish Go to Polls
By James F. Clarity
New York Times Service
MOYVAN, Ireland — The most notable public
event on a warm recent afternoon in this hamlet in
rural southwest Ireland was the arrival of a huge
white bus carrying Dick Spring, the local County
Kerry boy who made good in Dublin.
And once again, Mr. Spring, who has been
S ty prime minister three rimes in a 16-year
icafeareer and is also foreign minister and
of the Labour Party, may become the king-
maker in Irish national politics. On one side in the the British government to end die sectarian vi-
rai ppaign for the election Friday is the incumbent olence and bring peace to the British province of
government coalition of the Fine Gael party of Northern Ireland.
Prime Minister John Bruton, Mr Spring’s Labour [The last poll before voting starts showed Mr.
Party, the third hugest in Ireland, and the smaller Ahern's Fianna Fail add its Progressive Democrats
Democratic Left party. On the other is a coalition ally nine points ahead, 49 percent to 40, Reuters
headed by Bertie Ahon, a former finance minister ■ reported. But the survey Thursday, in the Irish
and leader of the Raima Fail party, the largest in the Independent, showed that as much as 14 percent of
country, s imported by the much smaller Progres- the 2.7 million electorate remained undecided.]
sive Democrats. Most experts say that the results will be very
The issues are taxes, crime, unemployment and close and that neither coalition may win the 84
which group would do a better job working with seats needed to form a government in the 166-
member Parliament. If that happened, Mr. Spring
and Labour, which cnnently has 32 seats, would
probably hold the balance of power. He could stick
with Mr. Bruton's coalition, but if that still did not
give the coalition enough seats, Mr. Spring could
nas not ruled it out categorically. In 1994, he nut
the Bruton coalition into power after he walked out
of a coalition with Mr. Ahern’s party.
See IRELAND, Page 12
. J-Vf?’ " f- !;
INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
PAGE TWO
■ ••• ' V :
! A Medicine Woman’s Legacy / Following Hie 'Memory frail'
Tribe Owes
Survival to
Its Matriarch
Gladys Tantaquidgeon ,
shown in her museum
recently and gathering
herbs as a young girl
saved old records that
proved pivotal to the
restoring of tribal
status to her people.
To the Poor of Congo,
rjii0"
to
By Cindy Shiner
Wuifimrun PvH Sorrier
U NCASVELLE, Connecticut — Gladys
Tantaquidgeon knows how to make a
tonic from 10 forest herbs. She knows that
when the dogwood blooms it is time to
fish for shod, that spiders bring good luck and that
catnip heals colic in infants.
She knows these things because she is medicine
woman for the Mohegan tribe and because three
elderly women — her grandmothers, she calls them
— took her under their wing and taught her the old
lessons.
She. in turn, became a published anthropologist,
a social worker to Indians of many tribes and a
revered elder of her own, a tribe that might have
evaporated into history's ether if not for her efforts
and example. It is some example.
Gladys Tantaquidgeon turns 98 on June 15. and.
has never been sick enough to go to a doctor and has
never needed glasses. When asked why, the medicine
woman, who is barely 5 feel (1.5 meters) tall, smiles
ever so slightly. She never ate hot dogs, she says.
Her importance to her people is immense. Fed-
eral researchers say that the things she knows and
saved were pivotal in restoring tribal status to her
people. That status, granted in 1 994, has allowed the
tribe to build the Mohegan Sun casino, which
opened in southeastern Connecticut in October.
In its first six months the casino earned a pretax
profit of $55.3 million, of which the tribe gets 60
percent. Already any Mohegan high school gradu-
By Douglas Martin
New Vo* Times Sendee
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KINSHASA, Congo — . Wten
Laurent Kabila's rebel forces seized mis
capital city last month, httle did Mr.
Kabila know that one of the first and
most embarrassing challenges to ms
rule would come from people who could
barely walk, let alone march through the
**We were abandoned by ihe'W
eminent of Mobutu," saidEHeTsniE
ari. one of the demonstrate**. " w£2,
to see the new nresidem and sob wfetb
can do for us/ ~
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id the most visible, of agrowfogefco^
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itda l r~
city m protest.
It came from hundreds of disabled
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ate is guaranteed a college scholarship of $20,000 a
year. Other uses for the money include a new home
The objects are illustrations in the story the
medicine woman has worked to keep alive. “In my
earlier years I perhaps wasn’t aware that time was
year. Other uses for the money include a new home
for the elderly and an aggressive campaign to
retrieve tribal artifacts.
Virginia DeMaire, a historian for die U.S. Bureau
of Indian Affairs, said that Ms. Tantaquidgeon
provided the key to proving tribal identity. While no
one doubted the tribe's existence up to the be-
ginning of this century, what was missing, she said,
was concrete evidence, particularly after World
War if, that the Mohegans — immortalized in
James Fenimore Cooper's “Last of the Mohicans'*
— persisted as a tribal group.
Under the medicine woman's antique bed — in
scores of Tupperware containers — were hundreds
of postcards from Mohegans, as well as birth,
marriage and death records. “We needed those
pieces of paper." Ms. DeMaire said. “They left no
questions whatsoever.”
The historian said that Ms. Tantaquidgeon
provided personal testimony to what kept the'Mo-
hegans intact: a line of matriarchs who functioned
behind the scenes, keeping secrets and passing them
on. And it has been the memory of Ms. Tanta-
qutdgeon that mattered most
In 1931 she and her father and brother founded a
museum, the United States’ oldest Indian museum
run by Indians. The museum was also persuasive to
federal researchers. It houses the things that define
a culture, from a child’s rattle made from a dog's
skull to little baskets in which to put meat and
berries for “the little people of the woodlands,”
tiny invisible beings in whom the medicine woman
devoutly believes.
•going by so rapidly, and later I realized that many
had gone,” she said. “I seemed always to be
working against time."
So was Martha Uncas, a medicine wo man who
lived for 98 years and died in 1 859. During her life,
many Mohegans were dying of the plague and she
rook it as a duty to produce as many more as
possible. She had many mates, replacing each as be
died or left to hunt, look for work or fight wars. The
majority of today’s Mohegans are her descendants.
She passed her secrets to several women, in-
cluding Fidelia Fielding, who before her death in
1 908 at 8 1 was the last of them to live in a traditional
log house.
Y OUNG GLADYS also learned from two
other “grandmothers,” both taught by
Martha uncas and both octogenarians at
death. Ms. Tantaquidgeon speaks of be-
ing taken into the forest with the older women at age
5 as they searched for herbs. ' ‘It was customary that
the women would observe some of the girls," she
said. “They would discuss their choice, saying.
‘Perhaps it might be well to take this one to leant
certain skills.' Then they would select someone.”
Other Mohegans consider it likely that Ms.
Tantaquidgeon long ago selected and trained her
own successor, although such things are secret
The medicine woman's life has not been pre-
dictable. What eariy education she received was at
home. She met the anthropologist Frank Speck
when he was studying Mohegan culture and made
such an impression that he took her along on family
vacations. In 1919, she began studying anthro-
pology under him at the University of Pennsyl-
vania.
When she returned home, she applied her know-
ledge to writing about her tribe, as well as traveling
to other Indian communities. In 1931, she and her
father and brother built the museum.
A series of jobs took her away from home. In
1935, she did social work with tribes in the western
United States, and in 1938 she was one of the first
employees of the new Indian Arts and Crafts Board.
She helped win Indians the right ro perform ce-
remonies like the sun dance that had been banned on
their reservations.
In 1970, she published a book on folk medicine,
with descriptions of magic rituals. In 1994, Yale
University granted her an honorary doctorate for
her work in herbal medicine.
She is not sure why she never married, although a
plaque on her kitchen wall provides a clue. It reads:
“Women's faults are many. Men have but two.
Everything they say and everything they do.”
Each morning, Ms. Tantaquidgeon walks up the
hill from the home she shares with her sister, Ruth.
88, to her museum, where she delights in telling about
the objects and the “memory trail” they represent
Sometimes she tells people about Fidelia Field-
ing, who did not teach her the old tongue, because
those who spoke Indian were often discriminated
against. Ms. Tantaquidgeon recalls Fielding, the
last speaker of her language, using the phrase
“words strung like bright beads on die thread of the
speaking past' to describe the treasure that would
die with her.
■“She instilled in us a sense of who we were,”
said Jayne Fawcett, a tribal vice chairwoman and
Ms. Tantaquidgeon's niece. "We wouldn't have
survived this century without her."
men — victims of polio, traffic calam-
ities and other misfortunes — who for
decades have been operating a lucrative
business trading produce and other
items across the Congo River "be tween
Kinshasa and Brazzaville, capital of the
neighboring Republic of the Congo. On
wheels or crutches or scooting along the
ground on call used hands and knees, the
men proved their strength over the years
as they fought off whip- wielding dock
guards, argued with corrupt soldiers and
negotiated with tough market women on
both sides of the river.
The men’s sheer force of will —
along with die special discount they
received on customs duties — enabled
them to become among the top earners
of the urban poor here. Some made as
much as $150 a week — a little less than
the average Congolese earns each year.
So when Mr. Kabila's rebels shut
down the ferry service to Brazzaville
soon after seizing control of Kinshasa,
citing security needs, members of the
disabled community gathered on their
crotches and squeaky hand-powered tri-
cycles and protested.
They hobbled and wheeled over to
the secretary-general's office, to the In-
terior Ministry and finally to the gates of
the towering Intercontinental Hotel,
where, in the early evening, an official
of Mr. Kabila's new government gave
in. He stood in the street and handed out
cash to the hundred or so remaining
marchers — about $10 apiece in the
local currency, to hold them over until
the ferry service resumed.
After a li ghtning military campaign
that brought the rebels to power in just
seven months, Mr. Kabila’s government
is sending mixed signals as it tries to
replace Mobutu Sese Seko's system of
one-man rule with something more akin
to a working political structure. Pressed
by foreign nations to foster multiparty
democracy, Mr. Kabila has vowed to do
so — but not before 1999. Although
urged by opposition parties to include
them in his new government, Mr. Kabila
has installed a ruling structure dom-
inated by his rebel movement and will
rule by decree, without a legislature.
But many among this country's long-
frustrated population of 36 million say
they consider tangible improvement in
their daily lives to be more important than
political reform, fa fact, many people say
they interpret democratic change more in
terms of having abetter standard of living
than in having the freedom to choose who
will lead the country.
and the most visible, of a growing
us who want their needs met sot8*r
rather than later. They are c alfina fa
flour, rice, chickens. !^xlines. salted
fish, soap, sugar, beans toM tomatoes.
Add to that cash and fricydes. The
group — which has coafaaced into a
union of about a dozen organizations of
disabled traders, anistsioifffaieilecmais
— also has called on the government
“to make disappear, by concrete and
efficient measures, the emrtoirarioa of
man by man or citizen by die state.”
Finance Minister MWana ' Mawam-
panga said the concerns tax being heard
and understood, but that rhe means of
addressing them are limited “We know
that the people have a lot of. expec-
tations. and 1 understand that.” Mr
Mawompanga said. “But UietrmhoftlM
matter is we are only human and we are
trying to do our best. I'm nor saying that
we will change things overnight, but
people will see the trend.”
Inflation, which had reached as high
as 6,000 percent in Mr. Mobutu's last
years, is already on the decline, and
a*. ." .tS-i..
• .r- •-«- i*
... v ,-.r- *
-T+ T' W
□rices have begun ro fall. In addition,
Mr. Mawampanga said, the Kabila ad-
Mr. Mawampanga said, the Kabila ad-
ministration plans to pay public ser-
vants. who haven't received salaries for
months, by the end of June.
“I think they underatand that we
didn't come here to fill oiir pockets,” he
said. “They will know thar we can't do
everything, and they will do their part.''
Many people have already began eo
see results and appear willing to give die
government time to show them it is com-
mitted to economic and social reform.
Tete Drama, a money-changer and
mother of three, recalling the constant
shakedowns that were characteristic of
Marshal Mobutu's security forces, said:
"Now we are at ease. The military
doesn't bother us like they used to.”
She added: "Even if you have a thou-
sand dollars, nobody is going to take it
from you. You can even walk to the
market with money right in your hand
and nobody is going to steal it.”
Politics largely has taken a back seat eo
such day-to-day concerns. While many
people still support former Prime Min-
ister Etienne Tshisekedi — a longtime
opponent of Marshal Mobutu’s who hasj
no connection with the rebels and con - \
sequemly was left out of Mr. Kabila's
government — protest marches by Mr. i
Tshisekedi’s backers have dwindled.
"He only likes city strikes and things |
like that. We had five days of strikes. |
and there was no solution,'! . said !
Mayikisa Okundalemba. a shoeshiner.
"He complains about Rwandans being
in the government, but there were Zairi-
ans in the government and what did they
do? Nothing. He should let Kabila do his
job.”
fcway
politics
Jud,
US.
Short-Circuit in Channel Tunnel
Strands Car-Shuttle Passengers
TRAVEL UPDATE hAJet With Drugged Co-Pilot Tried to Land in Wrong Direction
Athens Strike Leaves
The ,-l.urn nilcJ Press
PARIS — A short circuit in a power
line inside the Channel Tunnel tempor-
arily stranded a car-shuttle train Thursday
and caused delays in passenger service of
up to °0 minutes, officials said.
it was the first major incident in the
lutuiel since a fire in November.
Both the car-carrying train and a pas-
senger-carrying Eurosiar train were
stranded for about 20 minutes before
they were able to move, said a spokes-
woman for Eurotunnel. Mady Chabrier.
The incident temporarily shut down the
northbound tunnel and caused a halt of
several hours in a trial truck-shuttle ser-
be restored after the Nov. 18 fine in
which eight people suffered smoke in-
halation. Truck -transport was restarted
on May 29. and Eurotunnel has been
carrying trucks free of charge pending
authorization for a full resumption of
freight traffic, which it hopes to receive
by mid-June.
The resumption of the service is seen
as essential for Eurotunnel, which is
struggling to secure shareholder and
bank suppott for a plan to restructure its
SI 2 billion debt.
EU Worried by Ferries Merger
vice.
The short circuit was caused by de-
tective insulation in a power line. Euro-
tunnel said. Only two trains per hour ran
each way through the tunnel while en-
gineers worked on the power problem.
The incident stopped the car-shuttle
train about 16 kilometers (10 miles) into
the north tunnel, on the British side, on
Thursday morning. There were 34 cars
aboard the shuttle, or about one-fifth of
its capacity. Eurotunnel said. Passenger
trains were delayed by up to 90 minutes
Thursday, but none canceled.
Track transport was the last service to
The European Commission has "se-
rious doubts” about the implications of
plans by Peninsular and Oriental Steam
Navigation Co. of Britain and Sweden-
based Stena Line AB to merge most of
their services across the English Chan-
nel. Agence France-Presse reported
from Brussels.
The two companies will receive a
letter outlining the concerns of the com-
mission's antitrust directorate by June
1 1, a move that effectively blocks the
alliance.
Commission officials said they were
concerned that the link-up would create
a duopoly for cross-Channel transit
Garbage Piling Up
ATHENS (Reuters) — A four-day
strike by Athens municipal workers has
left 5,000 tons of uncollected garbage
on the streets of the Greek capital, pos-
ing health risks because of high tem-
peratures, officials said Thursday.
Athenians and thousands of tourists
were forced to dodge piles of rotting
garbage piled up on pavements, outside
cafes ana at the entrances of museums
and archaeological sites. Temperatures
went as high as 30 degrees centigrade
(86 Fahrenheit.)
"If the Athens municipality does not
take the appropriate measures to declare
the strike illegal in line with existing
laws then we will do it,” said Deputy
Interior Minister Lambros Papadimas.
Reuters
LONDON — A British Airways pilot
tried to land in the wrong direction at
G&twick Airport after the co-pilot took
sleep- inducing pills, apparently by mis-
take, and collapsed, investigators said
Thursday.
The Air Accident Investigations
Branch said the pilot of the Boeing 767
airliner, which had 166 people on board,
thought he was supposed to be landing
on Gatwick’s sole runway from the left.
although controllers had mentioned*
three times that planes should land from
the right. The plane, which was en route
from Pittsburgh, was forced to abort its
approach to give the pilot time to re-
program the on-board computers and
land safely. The incident took place in
December.
A British Airways spokesman said.
“The procedures for landing an aircraft
with one of the crew incapacitated were
followed; and at no time was the safety
of the passengers, crew or aircraft com-
promised.”
The Air Accident Investigations
Branch told British Airways to make sure
its pilots were aware of what medication
they could safely take when on duly.
The co-pilot had taken what he said he
thought were paracetamol-type pain-
killers. But the pills contained a mixture
of paracetamol and codeine phosphate
— which British authorities consider to
be incompatible with flying duties.
-V-
WEATHER
Europe
U.S. Airline-TV Tie-In
Will Earn Free Miles
Have you been to
NEW YORK ( AP) — Watching tele-
vision will soon help people earn fre-
quent-flier miles on American Airlines
— as long as they tune their set to ABC.
Members of the airline’s AAd vantage
Club frequent-fliers' program can earn
free miles by watching ABC programs,
the two companies have announced.
AAd vantage Club members will have
to complete surveys to prove they have
watched ABC, which fell to third place
among viewers during the 1996-97 sea-
son. It was not immediately clear how
many miles can be earned through the
promotion, which begins in September.
Ccnta Do) Sol
DU*l
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hMsmtd
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AMU
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Man
today?
Don’t miss it A lot ha p pens there.
The number of people killed or se-
riously injured in road accidents in Bri-
tain has fallen to the lowest level since
records began in 1926, the government
said Thursday. In 1996. there were
3,598 deaths compared with 3,621 the
year before. (Reuters)
Ron
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Forecast for Saturday through Monday, as provided by AccuWeathor.
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OF OF
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on the Atlantic, Showare
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into the Rockies and over
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Plains.
Europe
A storm in the Adamic wW
brmg wind-driven rein to
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through die weekend. Very
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ward across Iceland.
ward across Iceland,
Where snow Is possfcte. In
comrast very warm air wfl
surge north out of Algeria
and into southern France
end Italy.
Asia
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over I he weekend, while
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then kka of sun and warm
through Monday. Cool m
Tokyo this weekend with
showers possible, then
nicer Monday
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INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6. 1997
THE AMERICAS
PAGE 3
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’ Clinton to Form Panel
On Race Relations
Move Is Part of Effort to Stimulate Debate
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By James Bennet
.Vy>i- yort TiiHi»> Sm/ff
WASHINGTON — After months of
White House debate over how to im-
prove race relations and add heft to
President Bill Clinton’s second term,
Mr. Clinton has decided to hold' town
" hall meetings and other events on race
around the country, appoint a high-
powered advisory pane] and write a
report next year summarizing his find-
; r ings.
But the overall goals of the pres-
ident’s race initiative appear fuzzy, and
some leaders of civil rights groups are
- worried that it may be intended more to
' burnish Mr. Clinton's image than to
address intense issues that divide along
' racial and ethnic lines.
Contributing to the skepticism is the
leaders' grievance that the administra-
tion is doing too little to protect the
/rights of minority members. Just last
week, the Reverend Jesse Jackson sent a
scalding three-page letter to the pres-
ident. attacking what Mr. Jackson called
the "shameful disrepair” of the ad-
'minisErarion's structure to enforce civil
rights laws.
On Wednesday. Mr. Clinton met for
an hour with Mr. Jackson, who had
complained that the White House had
'rebuffed his requests for such a meeting
"over the past several months.”
The president plans to announce late
next week that he will hold the town hall
Away From
Politics
• The police in Memphis. Ten-
nessee. were questioning five men
after recovering grenades and rifle
ammunition believed stolen from
an FBI truck loaded with weapons.
More than a dozen assault weapons
and thousands of rounds of am-
munition remained missing. (AP)
• The son of Time Warner's chief
executive was tortured with a steak
knife to make him reveal the access
code to his automatic teller ma-
chine card, then killed with a shot to
rhe head, according to published
reports. The killer then went to a
nearby Chase Manhattan Bank
cash machine and withdrew S800
from Jonathan Levin's account, the
Daily News said, quoting uniden-
tified police sources. (AP)
• The CIA double-agent Harold
Nicholson was sentenced Thurs-
day to 23 years and seven months in
prison for spying for Russia. Mr.
Nicholson, 46. pleaded guilty
March 3 to selling U.S. national-
security secrets to Moscow for two
and a hall' years. (Reuters)
• Children born to Gulf War vet-
erans do not have an unusual pat-
tern or frequency of birth defects,
according to new research. In ad-
dition, there is no relationship be-
tween the length of time a soldier
spent in the Gulf and the risk of
having a child with a birth defect, a
team of military and civilian sci-
entists has found. ( WP j
• Texas tied its 1933 record for
executions in a year by putting to
death its 19th and 20th murderers
this year: a man who had shot a
convenience-store clerk and a gang
leader who had ordered the beating
death of a teen-age girl. (AP)
• A Stealth fighter jet skidded off
the runway at Holloman Air Force
Base in New Mexico while return-
ing from a routine training mission,
injuring the pilot and causing more
than Si million in damage to the
plane. The F-117A Niginhawk's
nose and main landing gear col-
lapsed, base officials said. (API
meetings and other events to increase
discussion of relations among whites,
blacks. Latinos, Asian-Americans and
other groups, said White House officials
and others familiar with the adminis-
tration's intentions.
Mir. Clinton plans to appoint not a
commission on race but a small ad-
visory board with a large staff. It will
solicit and gather research on race re-
lations over rhe last 30 years and make
projections on how they will change
over the next 50 years.
Some White House aides had worried
that a commission, which would write a
report on its findings, would be buffeted
by interest groups and would draw the
spotlight away from the president.
Instead, officials said. Mr. Clinton
will write the report, summarizing his
vision for diversity and broadly describe
ing steps that individuals, businesses,
churches and government at all levels
could take. They said they expected the
public discussion, if not the final report,
to address such subjects as affirmative
action in awarding contracts.
Sounding a theme repeated by others,
a senior White House official said,
“The effort is about how do we live
together in a united and strong America
while respecting each other on the issue
of race.”
The White House has been scram-
bling to assemble the initiative in time
for the president to announce it in a
commencement address in San Diego.
Disaster-Relief Bill
Faces Showdown
WASHINGTON — Congressional
Republicans set a course for a veto
showdown with President Bill Clinton
by insisting that an 5S.6 billion disaster
relief bill include two policies the pres-
ident strongly opposes.
The bUl, "triggered by this year's
devastating floods in the upper Mid-
west, has been mired in partisan bick-
ering for weeks, with Democrats ac-
cusing Republicans of delaying aid for
flood victims while pursuing their own
political aims.
The legislation includes S3 .4 billion
for 33 states bit by floods, tornadoes,
mudslides and other natural calamities,
and SI. 9 billion for peacekeeping op-
erations in Bosnia-Herzegovina and
the Middle East. But Mr. Clinton has
pledged to veto it over two arcane but
politically consequential matters.
One would bon the Census Bureau
from using a siaiisrical technique to
compensate for suspected undercounts
of inner-city blacks and Hispanics. Be-
cause the census is used to determine
congressional districts, that question
could have a significant impacr on
which party controls the House after
the 2000 head count.
The other measure would prevent
government shutdowns such as those
during the budget battles two years
ago. (WP i
Texas Hits at HMOs
Our1:» Rex Art*ipj’J.Tht AwnelilrU ftr*. _
Christine Whitman, who is running for re-election as governor of New HOUSTON — In one of the
Jersey, listening to a complaint about high property taxes as she sharpest reactions yet in the nation-
toured the state after running unopposed in the Republican primary. Wlde backlash a § ainst * e power of
health-maintenance organizations,
Texas wdl soon become the first state
where consumers will explicitly be al-
lowed to sue their HMOs for medical
malpractice.
"ihe delivery of health care has
changed over the past decade.” said
David Sibley, a doctor and Republican
state senator from Waco who success-
fully sponsored the legislation. "Dr.
Marcus Welby is dead. A third party
has inserted itself into the treatment
room, operation room and examination
room. And I can think of no reason why
a doctor should be held accountable for
a decision but an HMO should not.”
For years. HMOs have argued that
they should be shielded from medical
negligence or malpractice claims.
They assert that they are not in the
business of practicing medicine, only
of administering insurance policies.
But consumers, plaintiffs' lawyers
and many doctor groups say the in-
surance companies, in a drive to cut
costs, have interposed themselves in
medical decisions — by refusing to
pay for treatments that doctors recom-
mend. by delaying such care or by
forcing doctors to try less expensive
and less effective approaches first.
Thus, said the bill's advocates, the
companies should be liable. oVJTJ
Quote /Unquote
Nicholas Burns, the Slate Depart-
ment spokesman, on Richard Hol-
brooke, the diplomat who will spend a
week each month away from his job as
an investment banker to tackle the
Cyprus problem: "He'll work about
160. 170 hours a week, maybe 200 or
300 hours in a week, if he could do
that." tlHTt
Judge Punishes IRS for Reprehensible Abuse 9 of Taxpayer
By David Cay Johnston
Nr* York Times Service
NEW YORK — A federal judge in Denver has
awarded $250,000 in punitive damages to a woman
whose family's business was raided by armed
Internal Revenue Service agents four weeks after
she insulted an IRS agent.
The agents padlocked all three Kids Avenue
clothing stores in Colorado Springs, and posted
notices that clients interpreted as evidence that the
woman, Carole Ward, 49, was a drug smuggler.
In a harshly worded 17-page opinion. Judge
William Downes of the U.S. District Court in
Denver found that one of the IRS agents, James
Dolan, was “grossly negligent” and acted with
“reckless disregard,” and that he made three false
statements in a sworn declaration.
The judge, who said die actions by the agents
violated Ms. Ward's privacy rights, wrote that the
punitive damages award "gives notice to the IRS
that reprehensible abuse ofanthority by one of its
employees cannot and will not be tolerated. ”
The judge also awarded Ms. Ward S75.000 in
actual damages plus lawyers' fees. The IRS de-
clined to comment on the decision.
The case began in 1993 when an agent. Paula
Dzierzanowski. audited tax returns filed by Tristan
Ward, who was then 20. He listed himself as the
owner of Kids Avenue and his mother as a de-
pendent.
Ms. Ward said she accompanied her son to one
audit, a rancorous meeting that ended, according to
testimony, with Ms. Ward telling Ms. Dzierz-
anowski: "Honey, from what I can see of your
accounting skills, the country would be better
served if you were dishing up chicken-fried steak
on some Interstate in West Texas, with all the
clunky jewelry and big hair.”
The raid was made four weeks later, after Ms.
Dzierzanowski asserted chat the government w as in
danger of not collecting S324.000 in income taxes.
In court papers, the agent said her action stemmed
from questions about whether the son really owned
the business and concerns over Ms. Ward ‘s travels
to Ecuador, where her husband lives.
Three months after the raid, the government
settled the tax dispute, covering six" years, for
53,485.
”1 never should have spoken condescend-
ingly," Ms. Ward said. “That was wrong, but what
they did to me for mouthing off was criminal.”
U.S. Army Sergeant in Germany Is Convicted in Sex Inquiry
By William Drozdiak
Washington Post Sen-ice
DARMSTADT, Germany — A U.S.
military jury cleared an army sergeant of
rape and sodomy charges Thursday but
found him guilty on multiple counts of
indecent assault, in the first conviction of
an American soldier serving at a foreign
base since the U.S. Army launched a
worldwide inquiry into charges of sexu-
al harassment in its ranks.
Sergeant First Class Julius Davis, 36,
was judged guilty by a five-member all-
male jury on 1 1 counts involving sexual
misconduct after more than a dozen
women testified that he had behaved
improperly toward them. Mr. Davis
faces a maximum penalty of 31 years in
prison and a dishonorable discharge
plus loss of all benefits.
Mr. Davis is one of three instructors
accused of sex-related crimes at this
training base, about 30 miles (48 ki-
lometers) south of Frankfurt, where sol-
diers attend a two-week orientation after
arriving for duty in Germany.
The trial was the first sex scandal to
affect American military forces in
Europe in the wake of accusations of
sexual impropriety at a training center in
Aberdeen, Maryland, that led to the
appointment of a blue-ribbon military
panel to investigate- the scope of the
problem in the U.S. Army.
In closing arguments, the prosecutor,
Major Michael Klausner, argued thar
Mr. Davis had exploited his rank to take
advantage of newly recruited female
soldiers and intimidated them into not
reporting his abuses. He called Mr. Dav-
is "a sexual predator in a target-rich
environment"
The defense attorney, Major Linda
Taylor, depicted Mr. Davis as a victim
of a "witch hunt” conducted by crim-
inal investigators engaged in a frenzied
campaign to uncover evidence of sexual
harassment after three sergeants were
convicted at Aberdeen.
Major Taylor said nine investigators
had spent 4,000 hours interviewing 100
women and 50 men in building their
case against Mr. Davis.
Army spokesmen said other instruct-
ors soon would be court-martialed on
sexual-harassment charges as well. Ser-
geant First Class Paul Fuller is expected
to appear in court next week on 17
charges including rape, sodomy and
cruelty to a subordinate; Staff Sergeant
Robert Robinson has been accused of
sexual misconduct and remains under
investigation.
The first news that sex scandals had
spread to U.S. military bases in Europe
came in February, when the army said
11 female soldiers had lodged com-
plaints against the three instructors at
the army’s training base in Darmstadt.
As the investigation unfolded, more
women stepped forward with allega-
tions of improper sexual advances.
All three sergeants were relieved of
their duties when the first allegations
were made in February, and Mr. Davis
and Mr. Fuller were taken into custody.
At the same time, the commander of tiie
Darmstadt training center. First Ser-
geant George Watlington of Greens-
boro. North Carolina, was reassigned
and is under investigation for dereliction
of duty. He was replaced by a woman.
Until these incidents surfaced, the
U.S. Army command in Europe was
expressing pride at the way it said male
ana female soldiers were serving har-
moniously abroad, including in mis-
sions with the NATO-led peacekeeping
force in Bosnia.
Mr. Davis, who is from Fayetteville,
North Carolina, was accused by a female
soldier of making unwanted advances
during their time together in Bosnia.
Bur Major TayJor insisted that many
of the women had been pressured to
testily against Mr. Davis in the mistaken
fear that they could be prosecuted for
crimes of their own if they did not. She
said many women soldiers had ex-
pressed admiration for Mr. Davis and
willingly sought his company even after
the alleged sexual misconduct oc-
curred.
Clinton Lawyer Shifts on Citing Jones’s Past
Daniel Lehner, of Inflight News, Dies
By Enid Nemy
Anr Ktft Tones Srrvicc
NEW YORK — Daniel
then a small family candy
store. She asked for some ex-
pensive Cuban cigars that the
store did not cany. Mr.
Lehner. 49. the president of Lehner’s father jumped in a
Inflight Newspapers, a cor- car and returned with the ci-
poration that distributes
newspapers and magazines to
.airlines and hotels around the
world, died of a heart attack
Tuesday while attending a
gars. She was so impressed
feat she recommended fee
store to officials at fee airline;
soon the Lehners were de-
livering newspapers to the
fomia. According to refer- said: "He was the perfect foil
ence books, he w'as the first for Groucho. We didn’t pick
host of a TV variety show, him for feat reason, however,
first host of a TV sports show. We picked him because he
first master of ceremonies of was very bright, someone
fee Easter Parade telecast, who could keep track of fee
first on-the-spot live TV quiz score and do the math on
newsreel commentator and the spot.”
fee first TV wrestling an- <
nouncer. I ~
By Peter Baker
ftVttftwc/tm Post Servict
WASHINGTON — Pres-
ident Bill Clinton’s lawyer
has ahruptly shifted direction
and disavowed any plans to
attack Paula Jones's past sex
life as part of his strategy to
defend against her allega-
tions of sexual harassment.
The attorney. Robert Ben-
nett. said Wednesday that he
had been misunderstood when
he told television audiences
over the weekend that he was
prepared to “put her reputa-
tion at issue" if the Jones
camp tried to use reports of
previous Clinton dalliances.
“It was never my intention
of attacking her sex life, and
it’s not my intention now,”
Mr. Bennett said in an in-
terview. “My reference to
her reputation was her repu-
tation for veracity.”
His new statement came
after the White House re-
ceived complaints from
women who said they felt be-
trayed by a president who had
championed their causes and
from conservatives accusing
Mr. Clinton of hypocrisy.
The controversy over Mr.
Bennett's comments kept
alive a story Mr. Clinton had
hoped would fade away, at
least temporarily, after a
unanimous Supreme Court
decision last week rejecting
his request feat Ms. Jones's
lawsuit be delayed until after
he leaves office.
While saying Mr. Bennert
spoke for the president on fee
matter, the White House
pointed out Mr. Clinton's
support for a 1994 law aimed
at limiting interrogations of
victims of sexual crimes.
Mr. Bennett has been in-
vestigating Ms. Jones's past
as part of his preparation of
Mr. Clinton's defense. His
team took an affidavit Sat-
urday from a man who said
he was once her supervisor at
an Arkansas store and alleged
that she had propositioned
him, slept with him and ul-
timately had had to be fired
for unprofessional behavior.
On Sunday, Mr. Bennett
appeared on several talk
snows and said "it’s a two-
way street" when asked
about attempts by Ms. Jones
to introduce Mr. Clinton’s
sex life into fee case.
Ms. Jones's attorneys have
suggested they may produce
evidence feat Mr. Clinton,
when he was the governor of
Arkansas, used state troopers
who were acting as his body-
guards to solicit women for
him. Ms. Jones has alleged
that she was solicited in such
a manner during a state con-
ference at a hotel in Little
Rock in May 1991.
Mr. Bennert said his main
goal would be to win an
agreement or a judge’s ruling
thar would put the past lives
of both Mr. Clinton and Ms.
Jones out of bounds. He said
Ms. Jones's sex life would
not be relevant except to the
extent that sh.e makes her
reputation a basis for her
claim of being injured.
"The only way Paula
Jones's past sex life will
come into this case is if she
puts it into issue, and even
then, because of fee political
sensitivity of fee issue I. in all
likelihood, will not pursue
it,” he said.
concert" at Radio City Music airline and a multimillion-
Hall. dollar business was begun.
Air. Lehner. wife his wife
J-UT»v
.**-#-* «i
. H I W» ' » #•* <• *'
.
ftws ■t#**"** ••
.• u: -
a
Ww**"*'-
- .j—
and others in the audience,
was dancing in the aisle dur-
ing a performance by Erasure,
_a pop group, and collapsed
alter returning to his seat.
Last year, he made what he
called a six- Figure investment
“in a company called Interna-
.tional Flebter Pilots
■ Academy, the business,
.started by an Australian ex-
ecutive, tries to attract chril-
. «ns from around the world to
an air base in Ukraine where
. focy pay as much as S 10,000
■ to ffy in Soviet-buili fighter
aircraft.
After Finishing high school.
Mi- Lehner began working in
fee .family newspaper and
magazine distribution husi*
. bwk in Queens begun by his
grandfather in 1936.
The. distribution business
developed from a chance visit
H a secretary from Trans
world Airline's to what was j
Dennis James. 79, fee host
of a siring of hit game shows,
including "The Price is
Right" and "Name That
Tune.” died of cancer Tues-
day in Palm Springs, Cali-
George Fenneman, 77,
whose deferential manner
provided a counterpoint to the
wise-cracking Groucho Marx
on fee television quiz show
“You Bet Your Life,” died'
of emphysema May 29 in Los
Angeles. Bob Dwan. director
of “You Bet Your Life.”
raoul et curly
Best duty-free in town
HERALD TRIBUNE WORLD YOUTH FORUM
ALUMNI ASSOCIATION
50th ANNIVERSARY REUNION
NEW YORK
AUGUST 7 -10, 1997
If you were, or you know someone who was. a participant
in the Herald fribnne/VWirid Youth Fbram leifeer Dec-
March or summer programs), please contact us for details
of the Association and the reunion: IHT Box 293, 92521
Neuilly Cede* or
Catherine Marin (33 I) 47 72 12 15
catherinemarinlScompuserve.com
Daniela Yaffo Zidon ( 1 914) 2452279
<izidon@juno.com
All major brand
perfumes
and cosmetics.
Silk ties, pens,
lighters, shirts,
watches.
i. WBPlwW
Style, Sounds,
Dining, Arts.
Hemlines, jazz, restaurants and art - the
past year’s articles from the IHT can be
found on our site on the World Wide
Web.
raoul et curly
47 avenue de POpera
75002 PARIS
Tel: 01 47 42 50 10
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PAGE 4
INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
trnimf 1 '-rtii m the intermarket
TT +44 171 420 0348
SWITZERLAND
For sale in Switzerland near !
SPLENDID
18th CENTURY COUNTRY HOUSE
party room, large park and garden with ancient trees, about
34.000 sq.m, of land, veiy good condition, bordering farm
land and village,
Please contact.
Notter Blatter Dawfotf & Partner, Han* Leortz Notier
or Dr. Michael Bolt.
Sctiwanengasae 9. 3001 Beme.
phone: +41 31/312 53 12, Fax: +41 31/311 0749
-Center of Montreux,-
Switzerland
Ofia^aima* krMle. il N mjjh i 1.173 sq 6 i
A t Uudn amabom
tudkro jn+anui efcaL Fur buuncm/picd j me
fire dm to tops a hml 5FR33MQ6.
'tRMt
Majo AsMdunSA
TfC *41 — 7J* 57M - Fix; -Ml 22 TJ6 W43
CARRIBEAN
The Vitim ate Executive
Fureclo-ain: sale ui l,.'00 sq.ft.
2 -bed, 2-lwth. villa with bay
view terrace on the island of
Anmruj's most exclusive Sr
James's Club. (With full hotel
"se rvices and casino, rent of over
S5.H0O obuined in peak
months!.
Liquidator must sell Freehold
fur Sl^.OOO^ - a fraction of
St. James's official price.
Apply Vi li-jmJjmr'f We agent*
in Lf inJou:
Fax: +44<0)171 722 2788
Residential
Real Estate
Appear, men Friday
inThe Intermarkei.
To advertise mnlarl
KimberU Guerra n<l- Bet rancour!
Tel.: -3.3 (II) 14143 04 7ft
Fax: -33 1«0 I 4143 03 70
or yuiir nearest IHT office
' or representative.
Real Estate
for Sale
Bahamas
PRIVATE ISLAND IN
TAX HAVEN-BAHAMAS
On Die sptanfid land & seaport In Eu-
nas, one of ton most ma^nevn islands
100 percent prate a tv sate. 35 acres,
5 teaches. 1 lagoon, codaga. S55M
Td 3056326HM Fax 305-S35-B308
Canada
WHO WANTS TO OPT OUT? Resort m
British Cotonria (Cortwo). 3.000 tffll
lakefronr. appmttoulely 75 acres. 5
mons. 3 cates. iBsxtenoa (4,400 sqt):
ana on toe take. tsNsmokehnse. GO
it dock, lots ol inventory, land tor
attiehoises. Asking CanSI ,560,000 -
sold try mmo Phone: 1250) 397-2070.
Fac (250) 3S7-229*
SPAIN
/ THE \
; MAGICAL MOUNTAIN
VILLAGE OF DEYA*
MALLORCA
Offers beau tv and
tranquillity in an'dmbiance
of culture '& sophistication
| We now have a limited offering i
jot charming hand - crafted town -I
I houses in the village setting. |
< Pnbft- about S 425,000 J
V Tala +* 34 71 639043 f
X.,,, Fax: ** 34 71 639354 .
NEW ZEALAND
INVESTING FOR
YOUR PENSION
NEW ZEALAND FORESTRY
IS THE ANSWER
Contact John Lagan
64-25-343 931. Fax 64-3-474 1501
email: wrightson® xtraxojtz
Caribbean
SAINT UAARTEN, Neflurtandi tofltes.
Waterfront Heme on Oystapond, 4 bed,
4 ball. pool, boat dock wMi 2 m dept.
3000+ sq.m (ami ttect ocean access:
USS550000. Fax (561) 272-5101 USA.
French Provinces
SO KMS NORTHWEST OF PAWS Beau-
IU 400 sqm. stone property. U-shaped.
5.696 sqm landscaped park. 12 moms,
equaled kitten. 4 batorooms. garage,
bam Sunny. Price: FF3300.000. let
+31 70 355 1694
IKNEH8ES LUBEH0N
UniquB toa twn. H e tm uU rob, 160 sqm
fang space. Laidscaped garden Pool.
For drais boc owner +33(^442263214.
DEAUVILLE. Beautiful Normandy style
house, near center & beach, a*n area.
Garden, al contorts. 5 bedrooms, 2
lovely IVeplaaK. laiga terrace, garage.
FF43JA Tet Pans +33 (0)1 4722 7B96.
PROVENCE. CAMAHGUE. SAINTES
UARIE DE LA UER. sal cons tr matte
land, 10.300 sqm.. water, etadrieny.
Price: FF1.500.0W. Tet Paris +33
(1^1 42 82 59 89 or (0)1 42 54 04 32-
SOUTH PEHGOfU) FRANCE, SMALL
ESTATE I79i cent 3 bedrooms,
GuasYgarfan'a bouse 2 bedroans. 2 be
part land, gardens. 500 quehy vines,
7ha forest. Fifty nutted, cvalooking
secluded valey. Ertytt owner 20 yeas.
ExuepfanaL FF 1,000,000. Tei/Far
+33(0}5 53 40 62 26
S, FRANCE - ffSTCfW FARM HOUSE
Mh modem iraowmerts; 3 bednoms,
pool, garden, wine caw, county seftna,
dose to NknesAloftipofier. 5199K. Tec
(33) 4 66 56 62 84.
UNIQUE W PARS - LARGE CHOICE of
'chateaux & luxury estates of character
turn 159) to left mantes. Sam west
6 central France. FFI5M to FF20M. Tel
♦33 (0)1 4359 9969. Fax (0)t 4289 8321
French Riviera
ANTIBES. 2-bedroom llal on harbour
wtft 160 degree views on sea end
mountains, high ceNngs, renovated,
double fang roam. RFl.GOOJTOO, JJC
HTERNATiONAL Td +44 16! 3329120
or +33 4 93 34 54 53
FACING OLD M0UGNS, sea view, lop
ML reception, 4 bedrooms & baths, 2
lends, 2300 eqm (andGcapad garden,
large M rtiiiii u pod, FF3M. Reply: HT,
Box 291, 92521 Naufly codex, Franca.
COTE D’AZUR ■ VBMnndu in Her.
UarpiiBceni 3 rooms, lemcs. sunny,
view bey 51 Jean Cap FerraL reined
dsooradon. Tat +33(0K 93 B0 60 TO
GREECE - KYTHERA lilnd. 98,000
sqm. land combining mouibrn end sea.
Td/Fax +301.3322517
JERUSALEM
Stunning Brand Naw
Unify Apartmant
Sacrifice Sale by Estate
3 Bertooms. 4 Bjrpm Bats + Terrace
oveitookmg OM City Gourmet Kitchen.
Mar He Floors. Fin prtvitaqos in new
Marble Floors.
Hiton Hotel goi
S tfiUlfonfen
privilege* In new
, 2400 sq. ft. Askmg
terms.
Contact: EM. Grant, Agent
Teh {212) 686-4700
Fax: (212) 688-5082
277 Park Are, NY, NY 10172
Broken farted - Al repfes centdentt
FL OR BICE - PraitglHH comfortable
PB4THOUSE m Iwlinc cental Flmnce
ovalootmg be beautttul rooftops aid fa-
mous Girona. 2 bertam, Jacuzzi, ter-
race. toubea and more. Cal: Arcadia
Agency Tel 39-55-581436 Fare 39 55
562900
366 sqm, 9 bedroonw, 3UZ bans,
marble entaxe. toy. 3 indoor paricing
spaces, 3 trim, fags tenon.
taMous view of nwtennean and
Memo. Has not been tad to ones
U5S12M renowBon. For sale ty wnw.
Id: +S3 (0)6 06 37 03 04.
VALLE DE CHEVREUSE (71) HOUSE
Exceptional, te lop conttoiL Maided S
bottle sta (Port FteyaQ, 25 ton Pate
cater, 10 fan VersaBes, 15 ba Sami
Gemdn M school mar jM I alport.
293 Ryu, a main roans, tig heated pod,
ped-baittlBSQ, 2300 spn tarakcaped
l-wded gaidsa 5-car garage + 90 son
artsfs sedotom Rewfy to roove-Jn.
S9DCLDDD $ * FF5J0 Of SjMnSKS
mu. Mr, Georaes Nod, 4 rue Vaimner,
78470 St Lambert das Bob. Tit +33
(0)1 3944 1260. Far +32 (0)1 3944 12GB
CARACTERE
4th, PUCE GES VOSGES
Sdendd 5coom OBrtHnl, box
view, stum works. URGENT
Ttt, RUE DE L’WflVERSTTE - 290 eqm.
View on Sable, perfect coraSion, mod
panalng. paUng. rasifs non RARE
m +39181 4461 0500 Fax 4461 0068
NOTA1RE SELLS
BULONG N PARIS
EXCEPTIONAL UXATHN
Td+33(D)1 40 06 03 2Qot21
EXPATRMTE SELLS 1907 steak Dutch
ion barge Qiving). Exceplonal 30 m.
Period lor Mig and touting. Renovated
in 1990. Interior designed wta comfort.
qraBy. dr and happiness in mind. Moor-
ng 5Q km mst ol Pans I Port da non.
USS 295000. Tat +33 Ml 34 77 56 38
5th, LATIN QUARTER near Panheon
and Smbome. charming *pM a terra -
tage inn room + mezanme. Bathroom
and ktechen Uy equipped. FFl.IDO.OOQ.
Td +33 (0)1 4763 6206 / {OH 6729 7968
LE LTS-CHANTILLY. owner sets Hg
Insa will lO.DOOoqm garden. Racw>-
Bon, 6 bedooros, 4 btfnome. 2 Inn.
20 min. to Roiray. Tei nihee
+33(0)142602720
OFF BASTILLE, owner safe 72 sqjn.
apartment 2nd floor, parted cannon,
interior courtyard, cuet and sunny. Com-
mnoal lean posne. F1J8OJM0. Td
(0)1 43 56 21 33 Fax (0)1 47 00 77 10
OOEQN - XVflth CENTURY BUILDING
siawfa 3-roam comer flat wih open
vbw. Earned kitchen, period ourftan.
OwnerFi ,620,000. OHce (0)1 49049063
or (0)1 4364 7643 wori nj rt i nio i Bi d
RARE. PLACE VENDOME (NEAR).
PiedUous kiealon lor etegad too room
apartmed. 58 sqm ff 1,480900. Owner
Id +33 [0)1 4200 3932 (aKHRig mi-
dtene) or +33 (Q6 6043 6190 (moUe).
7th. RUE DE BEAUNE, 2 toUy rononl-
ed apartments in 17tti can. tedding.
64sqm FF3JM. 54sqm. FF22M Own-
er by Fac +33(0)147033927
PARK 16te - ALMA 200 sqm. rkolex.
freestone butting, balcony, high toor.
panonnoc view over Pans. Tel:
+33 (0)1 40 54 99 31
9th. 2 ROOMS, REDONE <7 sqm. 5te
floor, lA. cellar. Historical tanking.
FF1.1M. Tet +33 (0)1 46 37 08 75
BEST PART OF 16lh, 50 m Iran Sera,
gardens, BIM lower, quiet 3-room Sat.
3rd floor, on garden, parting, cebr.
FF2.4 U. Td (W1 4S27 2317 alter 9pm
BUY OR RENT LUXURY APARTMENTS
n reddantal rtstnets. Para and Nedy.
Td / Far +33 (0)1 38 65 76 »
LEFT BANK nr NOTRE DAIIE chamwq
76 sqm . beams. 4ft loor/lfL quel,
parting. FFZ2M. Td (0)1 42 61 14 18
5T GERMAIN DES PRES kp Boor SaL
I60i cant house, ideal couple. 3/4
roans, calm. raw. Td +33 (0)143293757
Summer In France
SCEAUX - Sm State PARS. TRIPLEX
Reddantd. Deed me, 115 sqm - 6
toons, double tering, kitchen, ftepteca,
bell, rftcwf room, gaz cankal bmg.
5 ndns REfi, center lows, schools,
untversfes. FR ,750,000, Tel +33 (0)1
4660 0117 Fac VIM +33 (0)1 44777806
COSTA BRAVA -RRSTUNE
sea tal Sate by owner, brand new ex-
clusive v9& Absolute top location be-
tween Tossa and Llaret ta Mar wbh
shaming sea views. Spieodd bouse of
vary tA qwlty stendanl Rare opportu-
nity. PM size >215 sq.m, Hvtag area
about 400 sqm Price USHOjOOa Fax:
(S52] 2553-8119
Switzerland
ILAKEGBEVA&ALPS
b authorized
since 1975
Alkactire pnperta. overtodiig views
1 to 5 b ed rooms, hum SFr 200,000.
REVK SA
52, MontbrNant CH-1211 GENEVA 2
Td 4122-734 15 40 FhX 734 12 20
VILLA R5-OLLON. [rmwtfala sale.
2 bedroom, 2 bans, kitchenette,
furnished apartmanL Indoor pool
300,000 SF. Tat 514-737-1456 Canada.
FOR SALE DUE TO LUES* 4 stay
stogie lamfy hum, serrt -detached wfli
rod balcony. In Kusadaa Tirtey. House
is Itdf corrftete (tome, rod and exterior
wails) tragiticont hnter view. Archibo-
taal plans, batencm and Uchn Meet
nraiabk Contact Monty Chard. Td:
212-764-6637; Fax: 212-944-1718 USA
USA General
MOUNTAIN RESORT tarn Property,
large pared, prime location. Cafitomto-
Nevada border, zoned touts! c om merc ia l.
Soufe Lake Tahoe. Cattanta. Td USA:
916-544-4704 « 9166445174.
USA Residential
NAPLES, FLORIDA.
LUXURY UGHRISE ON BEACH
3800 sqJl. 3 bedmansj.5 bafts, meda
room private dubs: GoB/yachnenrti
US $1,494.
Tory Wmren (Downtog-Frya Realty)
Td: 94M34-804B Fax: 941-43«32t
Nateerinds- PETHl R NEED BETTER
TELEPRONE/FAX HUMBER
NYC - TRUMP 70WH
60te Floor tog a 1 fiartoom. 1 1/2 bate
apartment Granite floors, spectacular
day and night views. Available
immedatoty. S995K For sale by Owner.
Cal 201-529-0410 USA.
ThTwaiP.-lL* :
ms AAA«a 4M
YOU CAN HAYEIT A^ bbptewtrt, I
>ii i ; z_ H «»ki 1 «uvV m MVP. 1 S*»i rW»»+
NJ. Lhm fa to county A wort to NYC.
Diract W 1 into NY iffl lw. Opposite
Scute Mouitah resendton, carter bafl
colonial, master bedroom sate wdhje-
mwi god stoarfsaua shows. 5 m-
lend bettexra. 7 bates, ctnfti kW»
raid tags (fadt Bnbfted baswwit wtte
aparenent lor Swa-An. Witt to achoofa,
3/4 acre mneurad eKnany
mtettfaed trara prt» »» S 5J I ** <K
by owner. Fax Steal (212) 262-S36 w
m\ 763-2610-
U i S5 00,000 REDUCTION Madison,
Wisconsin, rated 11 reddeiribl city fa
U& by Money itagaaw; 2 horn
esbte; ST Moor wnnflig pod, taun,
40.000 student uiivaistty. symphony, 6
maty artnes, seduded. fesh paid nR,
154 acres (62 Hectares). U.S. S4.7M.
negitefaie terms. FAX <-606645-7794
Real Estate
for Rent
Belgium
BRUSSLES - RENT OR BUY apartrara
or vtea. Beabtca Springal Red Estate
AganL TePFax: +322673 82 90
Great Britain
BIG LAND ABracta dotohla roam + own
bateroam. Private bouse in county. Cen-
tal London 50 inns. Car essential.
£200/5 ntflls. £2507 nights. Td 44
(0)1883 730617 Fax 44 [0)1883 730372
LUXURY APARTMENT » LOHTON CflO-
ter d ftiandd Dabid, B31 wtei ten on
Cathedral and private gardens. For-
rteed Tet UJC. (+44) 01707 264105 or
Tab Hoeg Kong (+855 9380 4471
Holland
RBTmOUSE MTBKATIONAL
No 1 1n htend
tor (semi) furnished housesflate.
Tet 31-206448751 Free 31-206465009
Ntoven 19-21. 1083 Am Ansaerdam
AMSTERDAM: Spacious Dal Harbor
view. 10 n*i Canter. S800 lrom27/B-
29/7. Td/ Fax: + 31204033331
HOMEFWDB1S 1NTL Herengracht 141
1015 BN AmstoRtare Tel +31206392252
Far 6392262 Eto^woonwleirtllpjfl
ANACAPRI In aiegant reddaoce very
cental beaten, 4 nedwxns plus bath-
room aid taktiaa. Iv. teiephona. knot
and dear tog. A variate al year excL
Aug. LA 900.000 weddy. Fs mmer attc
Mass 055 2577B64
London •
KMGHT5BRDGE-1 tad »Wiy»
bousataapar (mashed. k/dbUSt MV.
LongWpiataTteL Tel 33(0)4 6828 6917
Poland
Zxq. UL Plekna 28/34, m83. Wir-
XPofaalTaVFiB+482»28 3S06
Paris Area Furnished
BS«- CHAMPS B.YSSS
Dupta op gadao, 13 0S4BL
2 bertnooBferiid oondMi
MONTAIGNE
Ugh dess butting.
95soiTL-raflnod deoarnon.
FF30JBO.
COREPt Td +33(0)1 45 « 92 52
Fra +33(0)1 « 65 44 13
Embassy Service
YOUR REAL ESTATE
AGENT IN PARIS
Tet 433 (0)1 47203045
ROYAL APARTMENT apposite Mtfnft.
18>i centny bndnert apartram In cen-
ter d Pads. Inner courtyard, qud, vay
sunny. 260 sqm. (2800 stpare fed),
bigg reception areas, too bed’oerre. taro
bates. 18 toot cetera, original panda.
Fully bn shed to htyi stambd. Private
partha fa courtyard. SI I .OOOMn, up to
12 crates. Td: Pals +33(0)144696669
PARIS AREA - PeflthouM apartmert
Nnfly / Courbevofa in a part overtoofe-
ing to Seine & Paris. Dn tartans -
unterground rtnbb parting, ceBar. ter-
race. hnurioudy funtthad to American
standards. Fi5.GO<ymcn*i. Mtotom one
year. Tit +322.B48.B8.1B Far.
+32264063.43
8 TH-LUXURY DUPLEX, oil Avenue
Montaigne. New, bsauffluly tumldtod
M» mom. (fining area, i bedroom,
1 1/2 marble baths, modem custom
kitchen, bnans/rtshas, guvrtan. 3
morfflis to 1 yr. Tet 01-4280.4469
NEAR SEPTEUIL, charming county
bouse (55 km* bom Paris. A13-14
40 mbiubi). E bedouins, pool tends,
3 ha. part - 2 housekaapea (Mng to in-
dependent house). 5 tons to gofl, 2 bra
fa horse ridtog, Td +33 (0)1 4640 7661,
5AMT GewAft, EKSnttULMtfL '
class T50 sq.n. Superb afaty ira >
2 tadN 2 taliL Vtew. PoaHfS;^ i
Bred etovator. FF2H0» ' l
W1«74*21.Fb:BJ45748o¥' >
or 46248233 ta 4G24043B
Paris Area Unfurnished
TWZFnF.
1 : ] ; • ' [
eSSfcJL!
^3(0)730713761
Switzerland
fee view. Posdbfe torsamw monto
or lull year, afeo utenrishad. Td:
+41-22-718 8000 or -+41-2Z-71B 8012
Fax +41-22-718 SOW
SELF-CONTAINED STUDIO to Zurich
Qural location, good pshke transport,
bomdy birished (new) sepsn mm.
S4O0 par week. Tet +41-1-371 B 8 96,
Fax: +41-1-371 15 88 or wqte to KTC,
P.O. Box 449. CH6046 ZWdl
GENEVA, LUXURY FURMSHED ^
roente. From stodtos to 4 bedroans. Td
+41 22 735 6320 Fix +41 22 736 2671
2J283 square tod high above to East
Side with spectacular dews fa every
(fir action 1 2 master bedroom softer,
gourmet kilchafi, 400+ sqaara toot
sdaraim and so much more. Petted to
entertaining 1 510,300 par monte.
Zactendorf Realty 2126446461
NYC FURNISHED APARTMENTS. 1
week to 1 year. Grad Locations. Cdl
Pd/Chni 212-4466223. Fax: 252-
4486226 E-Mot ataneftottaoUoflL
NY SOHO PENTHOUSE LOFT Jon -
SepL 1-2 bedroom+dfitt, S3.950+U86
tksAna 212-9&9580 FX-966-9354
NYC PENTHOUSE: Share funky, ter-
race garden, river vtew. 6/19 - 7/19.
S500Meok SlSOO/ma 212 799 4048.
THE INTERMARKET
Continues
on Page 17
Tti Vi CVTFiVATVIN+Lfy • *
itcralo^^^^nbuuc
THE woiojcrs DUD NEWSftvPEK
PLANNING TO RUN A CLASSIFIED AD?
WW& (KM H: (01UU3 93 B5.
AhOOSRA: Andorra [oMda
V 867 Bli
Fax: 86783
GBMANY, AU5TBA A CB4TRAL EUROR: ,
ET- (06?) 9712500
Fax: 1069)97125020
BHjHUWHUXBrtKXJBG
W (03 3ia-350?,P2] 3444)117
Fok.{Q4 34&0351 •
GSBCE & CYPRUS: A*™
l* 301/68 51 525
F»: 301/68 53 357.
FtellAND: Hehmfa „
Ta-358 9 608B».
Fax: 358 9 64G 508.
nUXMbre,
W.. 58315738.
Fax 583 20938
NORwsy&avrot
STffifsspTtoo.
Feet (47) 55 91 3072.
PCXTUGAL Lisbon.
W: 351 ■ 1 -457- 7293
Fax 351-1-457-7352
SWt Madrid.
W 4572859.
Fac 4586074.
5WIIZBBAKO: Ur.
Td. (0211729 3021
Fac (021)728 30 91
UMTS) KINGDOM: Lc*«W
Td. OI7I 836 480Z
TV 262009 F w 24)0338
NORTH AANHUCA
TCWYORK:
'»L 12121752-3890
(8001 572-7212
Fax 1212)755-9785
ASIA PAQFTC
HONGKONG:
TH (85212922-1188
Tk 61170 HTHX.
Far (853 29221190
HOLIDAYS
j PARIS
j LES SUITES SAINT-HONORE
j ★ ★ ★ ★
i
; 13. rue D’Aguesseau. 75008 Paris
' JuMi>fi'rlie Fiiid»>nn; Stiim-Hniuuv unJ Tin • Elysde Palace
; A HjXURY APARTMENT HOTEL RESIDENCE
' Vcn exclusive. kvuicU in one of the must prestigious neigh-
l bourhiH'Js: FjuK'iiry Saint-Honore and Champs Elyseo.
| Thineen personalized lame apartments up to 1200 sq. feel
i completely restored in 1^2 with fully equipped kitchens, liv-
I inji-dimm: room>. j> « ell a> one or luo bednx+ms. one or fxvo
| marble baihnxrms and some wuh studies.
I Ideal for bnih lamily holidays and business nips, a perfect
] ■■pieJ-a-ierre".
j AH hold sen ices. Daily maid ser\ - ice. Air condirionninc.
j Underground parking. Complete security.
i F. nii'ii' lilt' •nihilh ’ll nr nwt n'iirioil*. plt ane fax Jirvcil\ to:
1 +J3 i«i 1 42 fifi 35 70 nr call +33 (Ol! 44 5! 16 35
Holiday Rentals
Cruising
24M YACHT FOR RENT
on a 'Bed & BreaUasT bass
to Old Pori ol Cannes (near Beaches),
spurns saten. aftrteck ana fly-tmogs.
4 double cabns lor 46 persons (I baft/
3 shwrers) For short or long soys.
CALL IL5 TACHTS
TEL +33(0)493990361 FAX(0)493394257
French Provinces
BERRY, road Jacque Coeur. anoenl
wranandets residence of Knights Tem-
plar, )5te cam. Backed on loresL 10
bedroans wdh ensuri bates, muxs, to-
del etc. Domestic serves Mn 1 week.
Tel +13(0)145444012 Fax (0)145493114
NORMANDY HOUSE, Ital Mil, Juty to
Sept. 9/ M lull year Fifty hntuhed.
6 bedrooms, garden (n dunning vlage.
Part 65 kns. Gwemy 10 kms Tel +33
(9)t 46 08 2) 72 F« (Oil <7 61 S! 81.
BRITTANY * BELLE 1LE EN HER •
Archrtoehft Vila, 4 bedraoms. 2 bans.
AB equqpd. Eacepunal view. From
June tft to July I 4 ih and Sepierifter
Tel- Pare +33 |0|! S) 82 47 10 .
VAR PROVENCE liuur west ol NM
Rent July / August towty pmv«Bial
prorate none on i acre contyinq 3 bed-
rmra 2 baterooms M amenities Pod
Cal owner +33 KM 94 73 23 93
GARDEN BEACH fiOm
****
Dirtvtly iin ic- privjte furadi
r'rr>oms and suius
IV.ult Ji-tmon
Spuc'ul " -dan RR-kjje in Juh
Ffi.-m 4.2ri0 FF ricr person
«irfi hrcJttiM
jn.J Jrtx-vs I- ■ the bejeh
15-17 B<3Bauacnn
Filled JUAN LES PINS
Tel 35 10(4 M 93 57 57
Fax- S3 (OK 92 93 57 56
SRS Members - Managed by AHMI
LOUS VaBey chamrag. restored Manor
m xtySc rural seam win pnvare pool,
quoad, adusrn. Tel +44 181 9405722
VERY BEAUTIFUL modem villa lor rent
300sq.m, horde rug Amecy lakef 74-
Haul Savoie). ExcofiUonal view.
3.500sqm land. Highly comtortable,
nad twee a week, from 29 Jin to 14
July FF2S.OOO Tel +33(0)450602047
VAR 6 tan from LUC EN PROVENCE,
canty house, 5 ha. pool, pnvate toms,
5 badwre. 3 bates, an contorts, sleeps
II Near goH For rani June-OeL, F10-
14m. Tet 10)14699441 71(0)143339319
PROVENCE - 20 MINS AVIGNON.
Chamwa oto tarrobouse amd vtoeyanta.
July to SepL S1.000 to SU5D / week
CaU owner +33 ( 0 )i 4001 6249 (olfice)
a Ttefa +33 (0)1 4551 3213 (homo)
PROVENCE: LARGE LUXURY VUA - 2
acre prr/aie gamers, superb pooVpod
house 3 betin»ns.lHlvoonB, al amen-
bes- 2 Seattle TVs. Let SepPOcl
Tel/Fax: Owner +33 ( 0)4 94 73 79 50.
STATLEY HOME OF FRBiOi DUKE.
cqwBnce staying write largest tadn
casfie ol France, in one ol to beautiU,
lEtoricai suites to Lon Valley. 5430 pa
ngni Td +33 (0)241912221. lax 2560.
SOUTH BRITTANY - Beach via. inque
teanen, deeps 8 Weakty renal Jww to
SepL TaiTac +33 (0)1 45 51 27 02.
French Riviera
GRASSE: For rent n Jura. July A Sept
A beautiful, quwi i undonabH S bed-
room Bassde wte terns, stomntog pod
4 boning, sftw 10 koto al dm teres,
wwnnfc & woods. FK5.0QD per monte.
FF35.000 per fartniglil TetFax: +33
(0)4 9340 7270 or +33 (OH 9309 8095.
CANNES (06)
100 METRES CROtSETTE
NORTH AMERICAN
RANCH VACATIONS
Paris & Suburbs
A PARISIAN HOUDAY IN LUSHEST
part eating. Be amed 18 90 vQa n Part
ol MA 1 SONS-LAFFITTE, wtWn wiring
dtstance d ttateau. 20 tons west ol
Pots. 16 nwwtes by REA to ranter.
Total deganra end contort hr 5 to 7.
July, SepL 8 Oct USS8.000 / momh.
Un. 2 weeb. Far +33 (0)1 47 00 K 35.
MONTPARNASSE - oriel and charm,
private streel d artist Large bug room.
1 bedroom. Wasting machineftfishwasli-
er. On small patio. July 8 /or August
FF9J00 Tet +33 (0)1 40 61 06 48.
CLOSE LOUVRE, hty equipped stwfc.
bnghl and spofless FF350 dally: Midi
lower long term rates. Tel. owner +33
(0)1 42 06 3B 67. Fax (0)1 42 61 47 24
JULY IN PARIS! Lot style apartment
tab character lor rat, 126sqjiu sunny
and calm, m Baafle tested FF 30000
Tel +33(0)144730831 or (0)6604345X
6 ft, MONTPARNASSE, 30 sqm sto-
tio/mesaniM, character, sarny, catoi
F4.600. Tal-fl) 45 67 67 84.
HE ST LOUS, steteo. 2 beds tim-sn-
gle. sheets, towels, bate, kitten, TV.
mSOOQMc. mad TM +33(0)45(1718800
LUXEMBOURG GAROSIS, 3 moms +.
15)7 - 15/1 Sleeps 3. FFaflOOftno. ♦
FF4JM0 deport. Tel +33 W)1 46338018.
SCEAUX • AUGUST, 220 sqm. house.
S beftwms, 1000 sqm gartn. IS mm
Pans eerier. FF1EJM0. +33(0)14^059
'SUMMER IN FRANCE'
Spedal hearing far Hobday rentals
wia be appearoig agan
an Frttay, 13ft ( 20ft June.
Fur more debfls contact
OiiiKH DnHkra
INTEfWATWNAl «LS TRWmE
Ml ivenui CMm d* Gtuflt
SZ200 Nwflty-tur-Selre, Fnmra
Tit +33 (0)1 II 43 93 85
Fix: +33 ( 0)1 41 43 S3 70
The American West
Grape rise Cuyoi Guest Kaicfa
Come io tfw legendary «em mid relax
In tee warm lurattne. (Ode the liafc tee
Apad+K cafiad honiB. Loam to rope al
oorcowtioy OWcs. Stargaza undw crystal
clear Arizona (Uk Enjoy our lagendary
OTKamhaepraJty.
I Cdl 520-826-3185
limg Fax 520-826-3636
IBfeW FriwcrtoruroShBe!
TOa*3oyiwi..AZ&5a^
L . * ' 'I MuwMaduduam
Bed A Breakfasts
MANHATTAN LODGINGS, NYC. Short
Mty luxury apartments, superior BIB
itQistry. many locations.
Tet 212-475-20® Fax: 2126776420.
HOTEL AL BUST AN. East of fiotaiL
a» deluxe. Exceptional tocafloo, sacu-
my. canton, fine crista. conwni«u,
busuwss sarwees, SriaBU TV, 18 ran
tarstor from airport free. UTB1. Fix:
taU 4672439 / (+33) (0)1-4720000?
SAFARIS & TOURS
SAFAHICENTRE
INTERNATIONAL USA
Classic nature, adventure tours &
safaris in Africa. Loan America,
Asia. Ladodnna
Web: hap-j /^roiwjafaricenne.coni
Td. 310-546-Mll - Fax 310-546-3188
E-mail, mfofasafaifcenrre.ccm
BREATHTAKING VIEW OF NEW YORK,
20 ft. gtas wd: Central Park & City.
Ltmrnusty kmristred piano, tax, cable.
For business, musician or honeymoon
apple. 1 block to Carnade Hal. 2 to
Leaermaa. 5 to Lincoln Center. Mnsw-
ibs, Theaara. Weekly, Monlhty. 3 day
weekends (iririmum) or long term.
Tat 212-262-1561. Fac 71M84-4142
Holiday Rentals Wanted
BANKER riwih H.Y. from 01/C77S7
to 0U1Q/S7, VH rani luxury aptanenl up
to Xmkn, roHfhmitf dose cantril-
pariL jtom omxi to Paris M. Rosen-
hagT8l+33ffl1 49 2E 92 55
Holiday Rentals
Caribbean
ST. BARTHELBIY, F.WJ... OVER 200
PRIVATE VACATION VLLAS - beach-
front * tafcta wltipoofa. Our agentx
have Inspected al ribs personally. For
msenrikns on St Baits, Si Uati, An-
a’sus&m
KRftrtt
600696319
Germany
Indonesia
BAU OCEANFHONT VftJJl
New 4 betoon, 4 bates ■ Kuta Beach.
Luxury prorata vNa. aw confifaitog,
jecuzzi, pool Imo. to Ml. USSSSOUay.
FAX: (65) 738 6009
TUSCAN FARMHOUSE 3 bedroom. 2
bate, Gorgeous Rental. Superb tata.
SepL art classes. Call/Fax: (303)
975-1316 USA or 39578755194 Italy.
PAN AREA - SmaB quiet house, nice
rimr. Renting: July 8 August Tel Parts
+33 ( 0)1 43S5 6441 Fax ( 0)1 4357 7437
DINING OUT
IfBUBOQUET
A KBi tampii mot 1947
vrftoh hour jozaren
Aline heanriSoJiUjaniia ii KJe+fta
, brdmnare+ruiink.
1 i' - * IS? 1 ' 1 * w mtomUe otct
■ X nw SctoManoit. T, Q1 4&4A61 64,
You con 1 wropla *e rpey. oromoiic n&o,
<*ih« *0 ire beeomg roge « Rwce
Fnmner'i 97* tor
1 4, nw Daupftlna. 3i Ol 43 26 44 91
thoumieux
EAST HAMPTON, NEW YORK trie to
ocean 8 quant vtttago. 4 bortcom house
Poshnodom, yel cosy. New Engto) to-
nistangs. Grand piano. Heated swrarfafl
pool ensconced in groan ay. A/C. M
S14K. Aug. SIQt 1-212-222-5656.
SOUTHAMPTON BY THE OCEAN.
Gracious 4 bedroom home. Gardens,
not verandas, Bray, cooks kfaftn
Hen ty July or AhusI S25K. Atao lor
sale. Contact vghtogaSaoLoom; lax
5 16-287-3587: td 2124616503 USA.
SOUTHAMPTON NY ton 27-Jriy »
Estate saion, 4 bedraws. haabd pool
beautiful ganta. new bouse 6 fura * 1
fags. Tet 212635-7931 USA.
JjL*
TY-COZ
Fnjv SrilFnh Saofcal Erenramew
170 FT QiMd5urolayiA4c*tyfl«*«
35r5r&a30BAiG»dto««L
Td QlirFs£2«434fil.
£7 VYs NEW
BALAt
hdun&PcfaitanlSaanro.
loufier d'or, tkrnm
reecnmendad by mrogtoM Goriei
NaorOpira ,
35, rue ToUbout. Mi Ol «« 5**-
ALGOIDENBERG
M(to h«ingi ■ Patoonii ■ Ow
kervansaray
TulWi 6 Wl rowchra bbra“- 9
bMwdMriraMinu.
5n e a Jfcu rf the Souft-Wtst Tuiift 6 tort bbra“- 9
£S!Zi tfa . Mmd J l e°M q*i«w o»b<kr b-ow+^remraa.
{a-scastsss
NrartowIriwlOTind p g^wdnyi
1
ESTERNATIOISAL HERALD TRIBUNE. FRIDAY, JUNE 6, 1997
ASIA/PACIFIC
PACE 5
Amid Secrecy,
” ■ — ^ Labor Activist
Is Reported
Freed by China
Revert
- • •
Sttwa
mnumn
umms***
i'.'Cit
SHANGHAI — A prominent Shang-
hai dissident has been freed from a
Chinese labor camp after being detained
for three years without trial, friends of
his family said Thursday.
Bao Ge. 33, had written to his family
in May saying he expected to be re-
leased on the eighth anniversary of the
Chinese crackdown on pro-democracy
demonstrations in Beijing on June 4,
1Q8P.
Telephone lines to his family’s
Shanghai home were cut. a family friend
said. She added that before releasing
Mr. Bao. the police warned family
members not to talk to journalists.
Family members could not be con-
tacted for comment
Mr. Bao was sentenced in September
1994 to three years of “re-education
through labor,” a form of administra-
tive detention that can be imposed with-
out trial.
Mr. Bao’s mother. Wang Yufen. said
' earlier there was no link between his
release and the anniversary' Wednesday
■ • of the crackdown, but a Western dip-
lomat said she doubted it was sheer
^ coincidence.
- She said it was a message that the
Chinese authorities “are comfortable
enough with this day that they can go
ahead and do this.”
Mr. Bao had been a member of the
Shanghai-based Association for Human
Rights, but was better known as a cam-
' paigner for compensation from Tokyo
* "' : ”0 for Chinese victims of Japanese war
atrocities.
.IjiiiWMMW
G/ f i i nn — ’
jQNltl Mr
ZT** i THE
lw HhMV
"4 *nu*. iimVmm wm.
1 4 m -trmmm* +
■ Diplomat Gets Hong Kong Post
China announced the appointment
Thursday of a former ambassador to
Britain, Ma Yuzhen, as its top civilian
official in Hong Kong after the British
colony reverts to Chinese rule July 1,
Reuters reported from Beijing.
A Foreign Ministry spokesman, Cui
Tiankai, said Mr. Ma would be the com-
missioner in the Hong Kong Special
Administrative Region. He was ambas-
sador to Britain from 1991 to 1995.
Mr. Ma. 62. and the garrison com-
- nander. General Liu Zhenwu. will be
3eijing's most senior officials in Hong
lUTcouAOKrt^ 11 ® afier ** lransfer -
T tHMuRw* . Hong Kong’s domestic affairs will be
Continues "un by Hong Kong residents after the
_ _ tandover. but foreign affairs and de-
ar. rage If w yj remain the central govem-
tient's domain.
TAIWAN FLOODING — Fire fighters using a raft Thursday ivi Niao Sung, southern Taiwan, to rescue
citizens stranded after three days of heavy rains. The floods caused the closure of hundreds of factories.
BRIEFLY
Taleban Reported in Peace Bid
ISLAMABAD, Pakistan — Afghanistan's Taleban
rulers are reported to have offered its opponents control of
thenorthem pan of the country as part of a peace plan.
Thur.
which
The proposal was announced
‘ i is allied to the fundamentalist Muslim Taleban. The
lursday by Pakistan,
Pakistani Foreign Ministry said the plan would set up a de
facto federation between the Taleban, which controls the
where he will stand trial on drug charges.
Li Yung Chung was arrested in Bangkok last year but
fled to Burma in February. Burma sent him back last
month, and a Thai court ordered him extradited to the
United States.
Mr. Li. a Burmese-born Chinese, was indicted last year
in connection with 1 ,070 pounds (486 kilograms 1 of heroin
seized in California in 1991. The drugs were destined for
New York. (API
capital, Kabul, and its enemies in the north.
Tbe
; Taleban 's foes, who are mainly members of ethnic
minorities, were not immediately available for comment.
The repotted proposal follows fierce battles between the
Taleban religious army and an alliance of forces led by the
former government's military chief, Ahmed Shah Mas’oud.
The alliance pushed the Taleban out of northern Af-
ghanistan last week. (AP)
Hun Sen Warns Political Rival
Drug Suspect Heads to U.S.
BANGKOK — The suspected mastermind behind the
biggest shipment of heroin ever seized in the United States
left a Bangkok prison Thursday for a journey to New York,
PHNOM PENH — Second Prime Minister Hun Sen
vowed Wednesday to use force to keep the nominal leader
of the Khmer Rouge. Kbieu Saraphan. out of the Cam-
bodian capital.
Mr. Khieu Samphan said recently that he had formed a
political party independent of the Khmer Rouge to take
part in elections next year.
But Mr. Hun Sen indicated he still viewed Mr. Khieu
Samphan as a member of the Khmer Rouge faction that has
refused to make peace with the government. “The armed
forces trill not allow it,” Mr. Hun Sen said of the prospect
of Mr. Khieu Samphan in Phnom Penh. (API
AS EAN: Less Is More
Unlike EU, It Moves Slowly on Integration
By Michael Richardson
Jnicnuiihviat Hi i aid Tribune
SINGAPORE — When asked re-
cently what he had found unique about
ASEAN, Vu Khoan. the deputy foreign
minister of Vietnam, thought for a mo-
ment then replied with a smile: ‘ ’Having
jo uy to play golf and sing karaoke,
because it leads to quiet diplomacy."
As the 15 nations of the European
Union wrestle with the problems of
achieving a single currency and mon-
etary union, the Association of
NEWS ANALYSIS
Korean Boats Exchange Fire After North’s Vessel Crosses Border
The Associated Press
SEOUL — A North Korean patrol
boat escorting a fishing fleet crossed the
inter-Korean border Thursday and ex-
changed fire with a Sooth Korean gun-
boat, South Korea said. '
No casualties were reported in the
intrusion, the most serious since a North
Korean submarine carrying 26 armed
spies and crewmen ran aground off South
Korea’s east coast in September 1996.
The North Korean ship fired three
rounds from a naval gun at the southern
gunboat, which responded with two shots
of its own, the Defense Ministry said.
The ministry said each ship fired be-
hind the other’s stem. It characterized
all five rounds as warning shots.
The incident began when the South
Korean gunboat approached the North
Korean naval vessel and its accompa-
nying fishing boats after they crossed the
nautical bonier near Yonpyong Island,
145 kilometers (90 miles) west of Seoul,
die ministry said. Although the intrusion
appeared to be unintentional, the De-
fense Ministry said it was investigating.
I U.S. Wheat Deal Falls Through
Though it is reported to be oh the brink
of famine. North Korea has backed out of
a rare deal to buy wheat from the United
States. Tbe Associated Press reported.
As the grain was about to be delivered
last week, the Communist government
told Cargill Inc., a commodity trading
company, that it would not follow
through with a deal to trade about 4.000
tons of zinc for 20.000 tons of wheat, a
Cargill spokeswoman said Thursday.
The contract had been months in the
making.
“Regretfully, we will not deliver the
wheat under these circumstances.” the
spokeswoman. Lori Johnson, said.
South East Asian Nations, which is
Asia's most successful cooperative
grouping of stales, is iaking a decidedly
less ambitious path toward integration.
When economic ministers from the
seven countries in ASEAN — Brunei.
Indonesia. Malaysia, the Philippines.
Singapore. Thailand and Vietnam —
meet in Jakarta next week to discuss an
economic vision for the next century , it
will not be on the EU model of treaty-
based common institutions and dimin-
ishing national sovereignty.
“We think that the best way to
achieve greater unit)' from our political
and economic diversity is to move more
informally by consensus at a speed all
our members can accept." an Indonesian
official said Thursday. “We also think
that national sovereignty' is compatible
with integration of our markets."
Even when Burma. Cambodia and
Laos join ASEAN in July, giving the
group a combined population of 480
million and a combined gross domestic
product of $590 billion, its secretariat in
Jakarta will remain small and its budget
modest
Yet Noordin Sopiee, chairman of
Malaysia’s Institute of International and
Strategic Studies, estimates thar if pur-
chasing power parity is used as a gauge
of economic strength, an ASEAN with
10 members will have a gross domestic
product of $1.6 trillion, which would
make it “economically almost two
thirds the size of Japan today.”
While ASEAN is pressing ahead with
plans to form a preferential Free Trade
Area by 2003 to bolster growth and
investment, it seems content to lag way
behind Europe in formal political and
economic integration.
When leaders of the 10 countries of
Southeast Asia met for the first time in
December 1995, Goh Chok Tong.
Singapore’s prime minister, noted that
although rapid progress w as being made
toward a “common house of Europe,
the extended family home of Asia may-
be 50 years or even 100 years away.”
Officials say that when ASEAN was
formed nearly 30 years, it set itself
different goals to thone being set then in
the EU. “
ASEAN is not aiming for suprana-
tional government. Instead it wants to
strengthen political cooperation among
ns members so that trade, investment
ami economic grow th cun occur in a
favorable climate— one that is peaceful
and predictable.
To that end. officials and ministers **f
the group meet regularly — ai lux
couni. about 240 such meetings a year
— to chan practical collaboration.
So far. the results of this limited in-
tegration approach have been impress-
ive.
In the Iasi decade. ASEAN economic
growth averaged 7.5 percent a year,
more than double the 3.2 percent annual
growth rate for the rest of the world.
In the same period, average per capita
income for the ASEAN countries hay
more than doubled to S 1.700. from
S700. while ihe group’s trade increased
bv 17 percent each year, compared to
rlie global level of in percent
Trade among ASEAN members
leaped from S2 billion in 1970 to more
than SI 25 billion in 19%. with the
sharpest rises recorded m the last few
years as the tariff-cutting schedule of
ihe free trade program Marred io kick in.
Under the program. oll’iciaL say that
today’s average import duty of about 8
percent w ill fall to 3 percent on nearly
aU traded goods by 2003.
But some ASEAN officials and ana-
lysts worry that the entry of Burma.
Cambodia and Laos in July w ill slow the
group’s decision-making anti its pro-
gress toward regional free trade.
The three new members may be a
heavier political and economic liability
than many of the European and Medi-
terranean countries queuing up for
membership in the EU.
Laos, like Vietnam, which joined the
group less than two years ago. is Com-
munist-ruled. Burma is run by a roiliian
regime that has been widely condemned
— especially by Western nations that
have close ties with ASEAN — for re-
pressing democracy and violating human
rights. Cambodia Is virtually paralyzed
by government infighting as it struggles
to recover from years of civil war.
•‘ASEAN works on the basis of con-
sensus.” Mr. Noordin said. “It is one
tiling — often a very difficult thing — to
secure consensus among the present
seven ASEAN members. It is a different
thine to generate consensus among a
•f 10.
group of 10. many of whom have little
experience in the ASEAN tradition of
“agreeing to disagree without being
disagreeable.”
ADVERTISEMENT
m mm* r* i •
MffOHJNA CLASSIFIED AD?
ERICSSON $
Ericsson to develop next-generation
wireless technology for high-speed
multimedia services
Is there no limit to the development
potential of wireless communications?
ft’s a timely question to ask, following
toe announcement by Ericsson of a
contract to jointly develop an experi-
mental third-generation wireless com-
munications system for high-speed
multimedia traffic such as Internet
services.
Video by mobile phone
In the near foture we shad have to change
our views on the role and capabilities of
the mobile phone. Today, as around 150
million users around the world can
confirm, a mobile phooe is a convenient
and cost-effective wey of keeping in touch
with friends, relatives and business
contacts, wherever you are.
In the near future, perhaps as early as
the turn of the century, you'll also be able
to receive fulf-fnatioa video via a mobile
terminal, as well as hold high-quality
videoconference me e t ings, and surf the
Internet
Industry experts forecast a big market
for mobBe muHJmecfia services inducting
internet and Intranet access. Visions of
tnetnagonron a beach surfing the internet
business executives conducting video-
conference meetings from their cars, or
tmuficaJ X-rays being transmuted Item a;
s p e e d i n g ambulance, could be reaBty in
Jost a tew years.
New technology
- _ The snag Is that today's wireless
technology teas primary developed for
vpfoecommunic^ons, not data. In order
to provide the Information capacity, or
‘bandwidth’, needed for more complex
multimedia services, new developments
in radio technology wffl be required.
■Wireless technology has been cont-
inuously and successfully evolved to
meet the Rowing demands for capacity;
voice quality and coverage’, says Jan
Uddenfekft, vice president tor research
and development for Ericsson Radio
Systems. 'However, to support the kind
. of high speed data applications that are
rapidly emerging, we will have to push the
data communications performance of
existing ceftutar standards even further’.
To meet these new demands, it wffl be
necessary to balance several factors:
dedicating toe appropriate bands on the
radio frequency spectrum, creating new
radio access methods, building or
evolving the appropriate network
architecture, and developing the
necessary terminal equipment
A significant step towards toe
commercial realisation of wireless
multimedia Is a contract awarded to
Ericsson by NTT DoCoMo, Japan's
testing mobile communications operator.
It covers an experimental system based
on new whteband-CDMA (Code Division
Multiple Access) technology to support
tedMduahvkeiess access at data transfer
rates of 384 kfailfe. eventually rising to 2
MbWS-V '
• V, .• . ,
wcaiMfM
Ericssc^pfoneered wideband-CDMA
tecftnetagSpWKl holds several important
patents' litfw area. Wideband-CDMA is
very different from today’s narrowband
CDMA technology, rofon ed to as I&-95,
which has only Smiled data capabilities.
Ericsson has no plans to offer systems
based on today’s narrowband CDMA
technology.
However, the company sees
wideband-CDMA as one of a number of
technologies that hold great promise for
digital wireless multimedia services at
bandwidths above 100 kbps.
Ericsson is also working on dev-
etopments within today’s GSM and 1S-136
standards for digital wireless com-
munications, that will support bit-rates. of
above 100 kbps. Ericsson has already
demonstrated the use of GSM system for
access at bit rates of. 84 kbps, together
with Ibtia, the Swedish network operator.
Wideband GDMA.
at a glance - .
■ Bandwidth of 384 ; kbps MtiaBy;
rising to 2 Waps . ..
■ TCP/IP protocols are Internet; V
. ^compatible "
■ True muttimerSa capacity \
■ Packet-swished date trand’ : .
hiassion for radio
efficiency
■^Supports fid metioruirkfeo, h&irt
Internet acc^-anrf
. ^ V„
Growth trends
maintained
Ericsson Is Interim Report for the first
three months of 1997 draws that the
track record ofthe past five years has
been maintained, with sustained
growth in order bookings, net sales
and pre-tax income.
Order bookings increased by
36 % to SEK 39.213 million. Net
sales were 36% higher at SEK
30,705 mSion, and pretax profit 30%
at SEK 2,020 rraffion. [These figures
• indude the consolidation of Ericsson
Teiecommunicacoes SA. in Brazil.
For comparable unfts the growth was
29%, 31% and 30% respectively.)
Commenting on the results,
Ericsson CEO Dr Lars Ramqvist
pointed but that this is toe company*
22nd consecutive quarter of inc-
reased order bookings. ‘Our strong
racket organisation and our focused
investments in research and dev-
elopment continue to yield very
(fodtive results' he said.
> *
.’Even measured to the increas-
ingly stronger US Dollar, order
and net sales rose sharply
rig the first quarter, by 19 and
l‘% respective!/.
The company registered a very
strong first quarter in mobile phones
arid terminals, with sales up by
-■ *100% over the first quarter of
996.
Voice/data integration
for multi-site businesses
A highlight of Ericssonls participation in
the recent CeBit exhibition in Hannover,
Germany, was the launch of a new
communications system that allows both
data and voice services to be carried
economically across the same leased
lines.
Called the Multi-purpose Exchange, it
is a good example of toe way telecoms
and datacoms technologies are con-
verging to provide powerful, flexible
communication solutions for businesses.
ftieye joins tbe drug BgfcL
■■ • ;>*<■
it combines Ericsson's Eripax (a
packet/frame switch for routing data) with
toe MD110 business exchange. Voice
compression techniques and intelligent
networking are used to simultaneously
deliver voice and data within the available
bandwidth, dynamically allocating toe
bandwidth in the most efficient manner.
Data services can be delivered at up
to 2 Mbit/second, making this an
economical way to handle many everyday
data communications requirements.
The dynamic bandwidth sharing capa-
bilities of tiie MPX represent an industry
first.
The MPX is expected to be of strong
interest to organisations that use leased
fines to link rfifferent sites. The greater the
number of sites an organisation has, toe
greater toe cost benefits of this new
system.
r,-v: .
Business Communication System
MD1 TO rated best in survey
- ~ - t
AcconSngJip a recent report from Industry
analysts'. Datapro, *1996 International
User Ratings Sunny ocf*HX Systems’,
Ericsson’s MD110 business communi-
cations system scored htatett to terms
of user satisfaction.' ? .
to the survey of 836fefeoom todus&y
managers ip 30 countries. Ericsson
received the top scores lrf9oot of toe 12
categorieS-They were: toad-paly system
connectivity; CTI (computer telephony
integration); ISDN; networking and tele-
management capabBHies; automatic route
selection (ARS); system security yofce
ma* and wirefess/cortfless cap rt bBfe s.
Respondents included telecom
managers, facilities managers, Infor-
mation Systems vice presidents, Infor-
mation Systems directors, systems
analysts and other telecom Industry
professionals.
In a separate survey canted out by
Dataquest, Ericsson was ranked as
Europe^ largest call centre supplier.
Ericsson's Erieye Airbourne Early
Waenfag and Control AEW&CJ system
has been selected by Braza for use in toe
fight against illegal drug shipments by air
in toe Amazons - an area roughly half the
size ofthe USA.
Erieye is the first tong-range, high-
performance AEW&C system that can be
installed to relatively small commercSa
and mffitary turbo-prop aircraft. Able to
detect small aircraft at a range of up to
350 tan, toe Erieye system is attracting
international interest
Five Erieye systems worth US$
i 45 miSon have been ordered for use in
the Barazflian SWAM system. This is
Ericsson’s first export order far Erieye.
Smallest in the world
Weighing m at a mere 4.7 oz (135 g), and
measuring just 4 In (10 cm) high, tins is
toe workfs smallest phone for Personal
Communication Services (PCS).
Designed for use with
North American PCS
1900 mobBe phone
networks, the
new CF 788
fits into a
pocket or
purse, and
provides three
hours: talk
time, 48 hours;
standby time.
World round-up
China: Ericsson is to mpsnd GSM and TAGS
mobile phone networks in Jtangsu Province,
fofcwrfng two contracts from the Jiangsu Post &
Telecommunications Administration, totalling
over US* 80 mteon. GSM network capacity wfl
be boosted to 1 million subscribers. TAGS
network capacity wffl rise to 300,000 aubserttws.
In a separate order worth US* 51 million,
Ericsson is to expand the GSM moble network
of Liaoning Mobfe Company to a capacity of 1
mlfwn subscribers.
fix the provinces of Shandbng and Zhafang
In the eastern region at China, Ericsson is to
supply advanced-technology transmission
equipment based on the SDH (Synchronous
Digital Hierarchy) standard, that will lay the
foundation for mutttansSa services.
Thailand: NMT 900 and GSM mobile phone
infrastructure equipment worth more than US*
100 million is to be supplied by Ericsson to
Advanced Info Services PCL, a subsidiary t jf
Stunawatra Group.
Malaysia: The country's largest operator of
Personal Communications Services (PCS),
Muflara Telecommunications Sdn Bhd, is to
more than double the capacity of its network to
400,000 subscribers, with Ericsson switches,
base stations and transmlsaon equipment worth
US* 130 million.
Brazil: Ericsson Is to supply wireless
infrastructure systems to increase the capacity
of ceferiar mob4e phone networks operated by
TELPE and TELESP, in the states of
Pernambuco and Sao Paulo respectively. With
a contained value of US* 1 50 mfion, the oiders
cover duaknode equipment that wB increase
the capatity of the existing AMPS networks, and
also allow digital D-AMPS services to be
Introduced.
MeanwhSe, the first wport order for Ericsson's
Erieye Airborne Early WaminQ and Control
system has come from Brad. Erieye has been
selected as the afaboma surveillance sensor in
Ihe S!\AM system, that wffl be used primarily
for the surveillance ofthe Amarona - an area
roughly half the size ofthe USA.
USA: Ericsson is to supply mobBe switching
centres, radio base stations and associated
equipment worth US* 250 minion to Omnipoint
Communications foe (OCQ, to expand Personal
COTimunfoatfon Services (PCS) in Philadelphia,
Pennsylvania and New Jersey. This latest
contract more than doubles Ericsson's business
withOCL
Global: Ericsson has been awarded an initial
contract worth US* 80 mMon to supply mobBe
switching centres for a global mobile sateffite
communications sendee ptanned by ICO Global
Communications. A consortium of Ericsson,
Hughes Network Systems Inc and NEC
Corporation has won the definitive contract to
arppfy the ground segment of the ICO network.
Eventual sice of Ericsson's share over the next
ten yews couki reach US* 150 Rflfon.
TetefonaktteboiagetLM Ericsson
S-12625, Stockholm, Sweden.
Ericsson’s IrtofmaUon-oo-domanfl rfytafrflftfl
can be addressed at www.aricsBoaxom
B*x3m*9aj)OOm0oyamaraacBwtomue
than 130 countries, Thercontblnedaxpertiselnnxsd
and mobBe netmrks, mottia phones and MQoam
talBBOamu nli at Simt
V
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\
INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
m
V
EUROPE
After Bosnia , Holbrooke Takes ort Cyprus
By Thomas W. Uppman
W'uriiHjgMH Post Service
WASHINGTON — The American
diploma! who brokered the agreement
to end the war in Bosnia is taking on
another Mission Impossible in Europe:
the Cyprus impasse.
The State Department spokesman,
Nicholas Bums, announcing that Pres-
. ident Bill Clinton had appointed
Richard Holbrooke as special presi-
dential envoy on Cyprus, said:
“The president and Secretary of State
Madeleine K. Albright have repeatedly
stressed the importance that they attach
to resolving the Cyprus problem. The
appointment of one of our most capable
negotiators demonstrates our commit-
ment to help promote a final political
settlement on Cyprus.”
As assistant secretary of state for
European affairs in Mr. Clintons first
term, Mr. Holbrooke was the principal
architect of the Dayton accords that put
a stop to the fighting in Bosnia-Her-
zegovina and outlined a political set-
tlement in the former Yugoslavia.
Because of that feat, his appointment
as presidential envoy gives instant
credibility to a major diplomatic effort
expected this summer by the United
States, Bri tain, the European Union and
the United Nations to end the 23-year
stalemate between Greece and Turkey
over the divided island of Cyprus.
While in the Slate Department. Mr.
Holbrooke lobbied for just such a con-
certed effort, saying that a Cyprus set-
tlement was the key to resolving mul-
tiple issues between Greece and Turkey
and calming what he considered the
most volatile region of Europe.
But Cyprus may be harder to solve
than Bosnia, diplomats said. The drive
for a Bosnia settlement was propelled
by the desperation of the United States
and major European allies to end a
savage war. In Cyprus, nobody is des-
perate — on the contrary, the problem
is political inertia that has set in 23
years after Turkish troops seized the
northern third of the island
Furthermore. Greece and Turkey are
NATO allies and Mr. Holbrooke will
not be able to push them around as he
S ished around the Balkan leaders at
ayton, diplomats said.
Mr. Bums said Mr. Holbrooke, an
investment banker at Credit Suisse
First Boston in New York, will devote
about one week a month to his new
assignment, which carries no salary.
“A week a month for Dick Hol-
brooke is a full month for most other
people,” said Mr. Bums, who as the
likely next U.S. ambassador to Greece
will also be involved in the Cyprus
negotiations.
■ Appointment Is Welcomed
The opposing sides on Cyprus wel-
comed the appointment of Mr. Hol-
brooke, Reuters reported from Nicosia.
Manolis Chrisiofides, spokesman of
the Greek Cypriot-led government of
Cyprus, said Thursday. “With the ap-
pointment of Richard Holbrooke as the
new presidential emissary on Cyprus,
the government of the United States is
implementing its promises and reaf-
firms the importance it places on a
solution to the Cyprus problem.”
The Turkish Cypriot leader, Rauf
Denktash. welcomed the appointment
as a “positive step.”
Greece said the appointment signaled
renewed U.S. interest.
“The Holbrooke appointment is a
clear indication of the strong interest by
the United States to take an initiative to
resolve the Cyprus problem.” said a
Greek government spokesman, Di-
mitris Reppas.
But he said Greece would not accept
any intervention from the envoy in
PAGE 7
AftThr Fnnkc.Prr**
Richard Holbrooke: Cyprus may-
be a tougher nut for him to crack.
Greek-T urkisb disputes over rights in
the Aegean Sea.
“The Cyprus issue and the matter of
Greek-Turkish relations are separate.''
Mr. Reppas said.
BRIEFLY
Paris Faces a Duel on Foreign Policy
By Joseph Fitchett
International Herald Tribune
PARIS — After a first brief cabinet
meeting, Lionel Jospin, the new French
prime minister, flew to Sweden on
Thursday for a meeting of Socialist heads
of government andparty leaders, while
President Jacques Chirac was cloistered
in his office preparing for his first post-
electoral public appearance — a speech
Saturday to social security managers.
While the timing was coincidental,
the juxtaposition of Mr. Jospin's Euro-
pean jaunt and Mr. Chirac's domestic
schedule pointed up the likelihood that
the president has forfeited his near-
monopoly in foreign policy.
Thai is only one casualty of his mis-
step in calling snap elections that boom-
eranged, replacing center-rightist rule
with a Socialist government.
In the wake of defeat, the outlook for
the right is clouded by internecine feud-
ing and criminal investigations, prob-
lems aggravated by Mr. Chirac's
weakened position.
Mr. Chirac sought to put a dignified
face on the situation at the first cabinet
meeting, asking to' be introduced to
every minister instead of singling out
individuals for a word or two, as former
President Francois Mitterrand used to do
with a hostile government.
Afterward, Mr. Jospin said that the
new era of cohabitation opened in an
“atmosphere both serious and relaxed
— no excesses.”
His spokeswoman, Catherine Traut-
mann, added that the prime minister
“pledged to work with respect for the
high constitutional prerogatives of the
president, calmly and rigorously as befits
the running of the country's affairs above
differences of political conception.”
Despite the polite rhetoric, Mr. Jospin
LEFT: Despite Victories , No Vink Wave 9
Continued from Page I
Socialists also run the risk of disap-
pointing their core voters.
Tbe Socialist camp is a diverse bunch
that defies any easy consensus, incor-
porating as it does Prime Minister Tony
Blair of Britain, with his almost
Thatch elite, free-market beliefs, and the
Socialists of Lionel Jospin, who swept to
power 1 in France by promising to create
700,000 jobs and slash the working
week without cuts in pay.
* In Germany, for example, the internal
Social Democratic split between the tra-
ditional left-wing supporters of Oskar
lafontaine and the moderate camp of
Gerhard Schroeder may be the party’s
biggest obstacle to wresting power from
Mr. Kohl next year.
In addition, some Socialists are hes-
itant about the basic process of European
integration, the glue that should bind
them. While Antonio Guterres of Por-
tugal is pursuing deficit-cutting reforms
with gusto to ensure his country’s entry
into monetary union, the Malmo meet-
ing’s tost, Goran Persson, bowed to
hostile public opinion this week and
ruled our Swedish participation in a
single currency in 1999.
“The differences between Socialists
in power in Europe is extreme, so one
cannot really talk about a pink. Socialist
wave," said Dominique Moisi. director
of the French Institute for International
Affairs. “But social concerns, whatever
that means, are back at the center of the
European agenda.”
Although Mr. Blair's conservatism
stands out, the economic realities that tie
behind it are accepted by most Social-
ists. Voters may be fed up with austerity.
unemployment and the monetarist or-
thodoxy associated with Europe's
planned single currency, but leftist lead-
ers are not calling for old-fashioned def-
icit spending.
“Structural reforms are necessary not
because of the single currency but be-
cause of the need to modernize society,’ '
said Piero Fassino, a prominent member
of die Democratic Party of the Left, the
dominant party in Italy’s center-left co-
alition government
Even Mr. Jospin has shown signs of
backing away from his promises.
“The most difficult problem is not the
single currency,” Jacques Delors, the
Socialist and former European Com-
mission president, said in an interview.
“The greatest problem for France is
modernization.''
He said the Jospin government would
fulfill France's single-currency commit-
for welfare and labor reforms at home
while insisting on a flexible interpret-
ation of die Maastricht treaty criteria for
participation in a single currency.
The one thing all Socialists agree on is
the desire for a new EU treaty provision
requiring that countries coordinate their
employment policies as much as they
now coordinate efforts to cut deficits and
inflati on. Their support virtually guar-
antees the clause wul be adopted when
EU leaders meet in Amsterdam on June
16 and 17 to conclude the treaty.
“We do not want- to open up the
criteria” for monetary union, said La-
bour’s Mrs. Green. ‘’We’ve got to find a
balance which allows the beginning of a
coordination of macroeconomic policies,
and the beginning of a coordination of
active employment policies in Europe.”
has demanded a voice in discussions on a
single European currency, a domestic
economic issue that is also the key for-
eign policy question for France.
In a duel of nerves for control of
French policy, Mr. Chirac is particularly
vulnerable because conservatives are in
disarray and near despondency. They are
unlikely to provide political support of
the sort that Mr. Mitterrand got from the
Socialists when he had to coexist with
conservative governments.
Already, Mr. Chirac faces a
grounds well of recriminations dial has
already focused on his small, tightly knit
team of advisers.
‘ ‘They kept the president cut off from
everyone else, so he blundered into the
elections without a clue about what the
country felt.” a loyalist said.
For two years, Ghislaine Ottenheimer,
an author, wrote this week in L 'Express
magazine, "France has been governed
by four men: Chirac, Juppe, ViUepin and
Maurice Gonrdault-Montagiie.” Domi-
nique de ViUepin is chief of staff in the
presidency and Mr. Gourdault-
Montagne is tbe top aide to the outgoing
prime minister, Alain Juppe.
In spotlighting the quartet. Miss Ot-
tenbeimer was echoing a widespread
view that the president was overly de-
pendent on Mr. Juppe, the one-time aide
who became Mr. Chirac's alter ego and
then prime minister — and was kept too
long despite his record unpopularity.
To block outside interference, Mr.
Juppe sent his own top aide, Mr. de
Villepin, to become Mr. Chirac’s chief
of staff — in effect, the gatekeeper of the
presidency. Mr. de ViUepin 's own
deputy and protfgd, Mr. Gourdault-
Montagne, moved up to become the
prime minister's top aide.
Mr. Chirac can protect his staff but not
Mr. Juppe, whom he sought unavail-
ingly this week to keep as party leader.
Party barons and survivors of the elec-
toral massacre insisted that Mr. Juppe go
— and be replaced by Philippe Seguin, a
proven vote-getter.
More than just a backlash against Mr.
Juppe as the architect of electoral defeat,
the revolt underscored the president's
diminished political standing.
“Mr. Chirac is no longer the pre-
sumptive, conservative standard-bearer
in the next presidential election, so party
leaders feel less need to reckon with
Him, " said Alain Genestar, a newspaper
editor in Paris.
With Mr. Chirac losing stature as a
unifying leader, the conservative parties
seem to be going separate ways. The
most damaging split involves Jean-Marie
Le Pen’s National Front, whose hostility
to tiae center-right parties in the election
cost the right 40 seats. To reconquer
Parliament, analysts said that center-
right strategists seemed obUged to find a
way of hiring Mr. Le Pen's supporters.
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Dominique Voynet of tbe Greens party, the new environment minister,
arriving Thursday at the Elysee in Paris for the first cabinet meeting.
Croat Who Helped
Start War Is Freed
ZAGREB, Croatia — A Croat
convicted of a murder that helped
start the Balkan war in 1991 was
pardoned and released from prison,
the Croatian newspaper Slobodna
Dalmacija reported Thursday.
Ante Gudelj. 49. was sentenced in
absentia in 1994 to 20 years in jail
for killing a police chief in the east-
ern Croatian town of Osijek in July
1991. He was released Wednesday,
as the SupremeCoun concluded that
an amnesty law applied to his case.
The killing of the police chief
helped spark" the outright war be-
tween rebel Serbs and independent
Croatia. MFl
Vienna Leader Wins
No-Confidence Vote
VIENNA — Chancellor Viktor
Klima survived a no-confidence
vote Thursday called by the far-
right Freedom Party over privat-
ization plans for the country's top
bank. Bank Austria.
Parliament voted 11? to 3?
against the measure.
The opposition Greens and lib-
erals backed Mr. Klima. the Social
Democrat who took over as chan-
cellor on Jan. 28. ( Reuters)
Oslo Declares War
On Biker Gangs
OSLO — A bomb that leveled
the Norwegian headquarters of the
Bandidos motorcycle gang, killed a
passerby and lefr a quiet neigh-
borhood in ruins had Norway de-
claring its own war on feuding Nor-
dic bikers Thursday.
Prime Minister Thorbjom Jag-
land said, “We have to catch these
fiends and punish them.”
Hours after the blast late Wed-
nesday, a broad range of politicians
called for a crackdown on gangs,
including the Bandidos and its
rival. Hell’s Angels. (AP)
Russia Seeks Talks
On Nuclear Arms
GENEVA — Foreign Minister
Yevgeni Primakov of Russia called
Thursday on the Conference on
Disarmament to break its impasse
and start negotiations to ban pro-
duction of bomb-making fissile
material as the next step in nuclear
disarmament.
In a speech to the 61-member
forara, Mr. Primakov said that
Moscow also supported negotiating
a global ban on anti-personnel land
mines, but that it should be im-
plemented in phases. (Reuters)
Delors Says France Is Tied to the Euro
By Tom Bueride
International Herald TYibme
BRUSSELS — The new Socialist
government of Prime Minister Lionel
Jospin will fulfill France's commitment
to launch a single currency on schedule
in 1999, but it will insist on a flexible
interpretation of the economic criteria
for membership, Jacques Delors said
Thursday.
Mr. Delors, a former French finance
minister and president of the European
Commission who helped design the
Maastricht treaty blueprint for monetary
union, said in a telephone interview that
he campaigned for tbe Socialists only
after being convinced that Mr. Jospin
intended to support the single currency.
He dismissed the suggestion that Paris
might press to delay tbe introduction of
the euro, the single currency, to give
priority to the fight against unemploy-
ment.
“There's only one place where that
will be decided, and that's in Germany,”
he said about a possible delay. “In France,
the necessary measures will be taken."
Mr. Delors's affirmation of the single-
currency project, which followed similar
comment by Elisabeth Guigou, the new
justice minister, were likely to reassure
France’s EU partners.
Tbe prominent cabinet positions giv-
en Wednesday to longtime supporters of
European integration and close French-
German relations, including Mrs.
Guigou, Hubert Vedrine as foreign min-
ister and Dominique Strauss-Kahn as
finance minister, also cheered financial
markets Thursday, pushing up French
stocks nearly 3 percent
But Mr. Delors's comments about the
single-currency criteria could provoke,
further tension with Germany, where the
government has insisted on strict com-
pliance with the deficit and debt re-
quirements despite its own failed effort
to revalue gold reserves.
Mr. Delors noted that the Maastricht
treaty does not set a rigid deficit ceiling
of 3 percent of gross domestic product,
but allows leeway for blips or for ac-
cepting countries where deficits have
fallen jost above 3 percent. He also said
that tbe French government wonld seek
to use treaty provisions to coordinate a
broader range of economic policies with
its F.uropean partners, including em-
ployment policies, rather than focusing
exclusively on deficits and inflation.
“We have simply demanded that all
the treaty be applied,” Mr. Delora said.
In keeping with its conservative pre-
decessors, the new government will also
maintain demands for greater political
control over monetary onion, Mr. Delors
said. The German government meets
regularly with the Bundesbank to dis-
cuss economic policies, he noted.
“What we want is that opposite a
European Central Bank there is a council
of ministers,” he said. “That's all we
demand."
Mr. Delors also indicated that the new
government would pursue a more mod-
erate economic policy than Mr. Jospin
implied in the campaign.
“The most difficult problem is not the
single currency,” Mr. Delors said. * ‘The
greatest problem for France is modern-
ization. The welfare state must be com-
patible with the demands of the economy
and full employment ”
FRANCE: Probability Is Rising of Delay in Introducing the Euro
Continued from Page 1
delay will shake financial markets, break
the momentum and discipline built up in
moving toward monetary union and
leave Europe and its leadership with a
severe loss of prestige. Those who are
less troubled by putting off the starting
date say the blow would be felt mostly
by the politicians who wanted to en-
shrine themselves in history as Europe's
unifiers and that a postponement with
new fixed dates is a far better alternative
than a disorderly entry based on now-
suspect credentials.
Whal has changed in the discussion and
Wrou ght participants to less covert pos-
itions is that the issue has moved bom the
theoretical to the practical. Until now,
there had been not even tacit admission
from the German government that it could
possibly fail to meet the targets; in this
context, the gold revaluation episode had
the counterweight of a signed confession.
In France, the parliamentary election
lost by President Jacques Chirac’s allies
had been called precisely to muster
strength for a new round of belt-tight-
ening that would assure the country’s
conformity with die Maastricht criteria.
The result was a disavowal instead and
what could be interpreted as an expres-
sion of support for the Socialist position
promising no more austerity measures
for Maastricht’s sake.
According to Mr. Lister-Cheese of the
London financial consulting firm Inde-
pendent Strategy, the new economic pro-
gram of Prime Minister Lionel Jospm’s
eminent would essentially disqualify
ice from monetary union by pushing
its budget deficit level far above the target
of 3 percent of tbe nation's gross domestic
product. The government's campaign
promises included hiring 330,000 new
public sector employees, lowering the
value added tax, lowering the workweek
to 35 hours from 39 with no diminution in
pay and increasing the minimum wage.
Even if the government were not to
enact any of its promises, Mr. Lister-
Cheese calculates a deficit level of 3.6
percent of gross domestic product in
1997. If, on the other hand, there is an
increase of 7 percent in the minimum
wage, the deficit will increase by 0.2
percentage points, he reckons. A reduc-
tion in the value added tax represents
another jump of 0.2 to 03 percentage
points and expanding die public sector by
40,000 new employees in the first year,
with 20,000 to 30,000 before the end of
the current year, would account for an
additional 0.2 percentage points.
All told, udess there were major new
taxes, this would take France's deficit
over the 4 percent level, he says, and way
out of the range of 3.1 percent or 32
percent of GDP that is generally re-
garded. as the amount of tolerable slip-
page candidate countries will be accor-
ded in falling short of the targets.
Mr. Saint-Etienne, a professor of eco-
nomics at the Dauphine campus of the
University of Paris, said his projections
from tbe Socialis
of 4 percent in both
“Depending on
t proposals were deficits
199
V
,Y
1997 and 1998.
the mix and
the
amounts, increasing tbe minim um wage
and reducing the number of hours
worked could really explode the French
economy," he said.
Under those circumstances, he said he
felt there would be some kind of French-
German deal by the fall to delay the start
of monetary union.
That would obviously be less of a
prestige problem for the new govern-
ment than for its predecessor, which
bound itself to the euro's mast of aus-
terity. The problem, nonetheless, would
be less great for Mr. Chirac than for Mr.
Kohl, who cast his government as guard-
ian of euro admission standards.
But the Socialists have not given away
their hand as yet Jean-Pan 1 Fitoussi. a
professor of economics at the Ins ti tut des
Etudes Politiques who is likely to be a
member of the Finance Ministry advisory
council, said none of the party’s program
represented a supplementary deficit.
"The jobs for youth is a matter of
redeploying existing but inefficient pro-
grams,” he said. “That's the only mea-
sure that involves new costs to die state.
The . minimum wage provision costs
nothing to the state. I have no idea where
these people get their deficit figures or
their notions. "
A clearer notion of the French po-
sition could emerge in the next few days
through a speech Mr. Jospin is to give
Friday in Malmo, Sweden, or through
contacts his new finance minister
Dominique Strauss-Kahn, is to have’
over the weekend with his European
Union colleagues.
PAGE 9
EDITORIALS /OPINION
lieralfc
INTERNATIONAL
tribune.
PI RI.IMiEU umi THE NEW YUftK TIMES .VXD THE WASHINGTON POST
/’
Canadian Puzzle
The first American interest in the
Canadian elections lies in seeing how a
friend and neighbor — and, at SI bil-
lion a day, the leading American trad-
ing partner — is handling the eco-
nomic and social pressures squeezing
all the industrialized democracies.
Canada's choice was to return to
power, although by a reduced margin,
the Liberal Party government that has
gamely hacked away at a large in-
herited budget deficit by trimming so-
cial insurance costs.
There was a cheerless cast to Prime
Minister Jean Chretien's victory, but
he has a grudging mandate to stick to
this painful task. Americans can only
admire an electorate readier than their
own to administer a bitter but nec-
essary medicine.
The further American interest lies in
the continuing life of the Quebec sep-
aratist movement. Not only did the
separatist party gain seats in the Ca-
nadian House of Commons, although it
fell a bit in the popular vote. The new
Reform Party, based in Canada's West
and campaigning explicitly and pro-
vocatively against a special status for
Quebec, took the second-highest num-
ber of seats and became the" privileged
official opposition.
With tne one party strongly for in-
dependence for the province and the
other strongly against, and with the
ruling party without an evident
strategy to deflate the issue, Canada
may face a stepped up confrontation on
Quebec. The separatists say they wish
to hold another referendum on sov-
ereignty at an early date. They lost the
last one 18 months ago by only half a
percentage point.
Americans think of a separate
French-speaking state in Canada as
something that may be strange but that
Quebeckers have the right to decide on
for themselves. The American bias,
however, is plainly for an improved
federal system.
If the separatist movement gets up
further momentum, Americans are
bound to stan asking what difference
Quebec's sovereignty might make in
the terras of trade . in issues of security
and in the overall relationship with a
neighbor that has given the United
States the priceless boon of its stability
and calm. This would be so if the
separatist impulse were confined to
Quebec. It would be even more so if the
impulse spread, as it could, to other
Canadian provinces.
The salient feature of this election is
finally that no single party demon-
strated a truly national reach. All were
uncomfortably regional. The winning
Liberals, for example, picked up no
fewer than two-thirds of their seats in
just one province, Ontario. This is a
result that doesn't settle much.
— THE WASHINGTON POST
A Fight for Glean Air
The most contentious and complex
environmental issue to face the Clinton
administration this year is coming to a
head. Carol Browner, administrator of
the Environmental Protection
will shortly propose to the
Agency,
e White
House tough and costly new limits on
two kinds "of air pollution — ground-
level ozone, or smog, and dust-like
particles known as particulates.
She says the new standards will im-
prove the lives of millions who suffer
respiratory diseases, and prevent
15.000 premature deaths every year.
The White House, beset by heavy lob-
bying from industry, must decide
whether to accept her argument that the
new standards are vital to public
health, or ask tor weaker rules.
This is not a routine decision. Al-
though the cost estimates vary widely,
even within the administration, the
new rules would force large sections of
the country that are now barely in
compliance with existing clean air reg-
ulations to find new ways to reduce
pollution. That means big investments
in cleaner power plants, fuels and cars.
Similarly, while the rules will surely
bring health benefits, there is also great
disagreement on their dollar value.
Despite these uncertainties, we sup-
ported Ms. Browner ‘s regulations
when she offered them for comment in
November, and we support them now.
There is an element of regional self-
interest here. Even though'states like
New York and New Jersey have taken
steps to control their own sources of
pollution, both suffer from dirty air
"imported" from coal-fired power
plants in the Midwest. That is why
Eastern governors like George Pataki
of New York. Christie Whitman of
New’ Jersey and William Weld of Mas-
sachusetts all support Ms. Browner. It
is also why many Midwestern politi-
cians of both parties oppose her.
More important than these local
concerns, however, is the fact that Ms.
Browner is right about the health issue.
In all the squabbling over costs and
benefits, it is easy to forget that the
Clean Air Act requires her to review
existing regulations every five years
and, if necessary, set new standards to
protect public health "with an ad-
equate margin of safety."
Further, the act explicitly requires
that standards be set without regard to
cost. Many argue that the act should
be rewritten to require consideration
of costs and benefits much earlier in
die game. Bat Ms. Browner must op-
erate under the law that Congress has
handed to her. and what that law says
is that she has to go where the science
takes her.
Industry says the science is weak.
The EPA replies that it reviewed thou-
sands of epidemiological studies and
made no final decision until it received
uppor
Advisory Committee, an independent
sfror
group composed of scientists from tn-
ledicii
dustry. medicine and universities.
Absent some last-minute scientific
revelation, that should convince the
White House.
For those who fear that the rules will
devastate industry’s balance sheets,
history provides comfort. The govern-
ment has traditionally provided a gen-
erous tune frame for business and
states to adjust to new rules, and Ms.
Browner promises to do so again to
ease the cost of compliance. Expe-
rience also shows that industry's own
technological resourcefulness has a
way of bringing the costs of cleaner air
well below anyone's expectations.
—THE NEW YORK TIMES.
Mourning a Teacher
Chances are that the death of Jonath-
an Levin, the 3 1 -year-old New York
City public school teacher who was
found slain in his modest Upper West
Side apartment on Monday night,
would not have garnered front-page
attention were it not for the prom-
inence of his father. Gerald Levin. Bur
the real importance of the story, the
reason it has engendered widespread
interest and sadness, has little to do
with Gerald Levin's career as chair-
man and chief executive of the media
conglomerate Time Warner.
ifhas everything to do with the career
chosen by his son. The loss of Jonathan
Levin, an exceptional but unassuming
man. has reminded people everywhere
of the power of gifted and dedicated
teachers to transform young lives.
At Taft High School in’ the Bronx,
where he taught English for the past two
years, the news of Mr. Levin's mys-
terious murder caused an instant out-
pouring of grief.
Tearful students and colleagues de-
scribed him as extraordinary, a wholly
involved teacher who found creative
and unusual ways to engage his classes
in great books and poetry. He made
literature come alive for poor young-
sters at a school where they must walk
through a metal detector to get to class.
“He didn't care about money,*’ said
one student "He cared about kids."
There is no better tribute.
— THE NEW YORK TIMES
Other Comment
Democracy for Asians
If [democracy] is to work in Asia, it
must be a democracy that extends far
beyond the simple existence of a bal-
loting system. As the region develops
and its people become more sophis-
ticated in running their lives and busi-
nesses, surely it is wishful thinking to
expect that they will be content to rub-
ber-stamp the political choices decided
at the top. Certainly the Indonesian
model has done much to pull the country
forward. But in 1997 it is not enough.'
— Far Eastern Economic Review
tHong Kong).
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KATHARINE GRAHAM. ARTHUR OCHS SULZBERGER
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RICHARD McCLEAN. Publisher J, Cine) Execunve
MICHAEL GETLER. Luvunu- EM*
• WAITER WELLS. Editor • PAUL HORVIT2. Deputy Managing Ediior
KATHERINE KNORR jihl CHARLES MITCHEL MORE. Deputy Editors • SAMUEL AflT and
CARL GEWIRTZ. -U?,n uie L.hn<r\ • ROBERT J DONAHUE. Ei/i/iv iy the EtUhnil Pages
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America and Russia Above a Diffident Europe
J JELSINKJ — The new European
‘ security architecture’ ' has turned
into something quite different from
what was originally planned. It will be
an American-designed, open-ended,
split-level structure with the upper floor
reserved, for consultations between
New NATO and New Russia, while
down below Old NATO will watch out
in case Old Russia rears its head.
President Bill Clinton has invoked
the spirit of Woodrow Wilson: "to
build an undivided, democratic and
By Max Jakobson
eful Europe for the first time in
•— ” But this time the
United
States' has hedged its bet on a triumph
of democracy by keeping the military
alliance in shape as guarantor of the
balance of power.
That is not how European security
was supposed to be ensured after the
end of the Cold War. The European
Community, not NATO, was expected
to export democracy and die market
economy to the eastern half of Europe.
The Community always claimed to
be “Europe." During the Cold War it
had had no choice but to remain an
exclusively West European institution.
Now at last it had the chance to make
good its claim to represent Europe.
But as the full extent of the dev-
astation caused by Soviet rule unfolded,
the vision of a united Europe faded.
The nations emerging from the ruins
of Soviet power had little in common
except the fate they shared as victims of
the conflict between German and Rus-
sian imperialism, followed by forced
integration into die Soviet system.
During this century, every country of
what is called Central and Eastern
Europe has been devastated by war.
occupied, liberated and reoccupied
each time with a change of political
system and in many cases with a change
of borders as well. Parliamentary de-
mocracy and the market economy have
□ever had a strohg constituency there. *
Before World War H, Czechoslo-
vakia was the only democracy and ad-
vanced industrial state in die region. All
the others were predominantly agrarian
countries with authoritarian regimes, .
It was an illusion to believe that they
could acquire a system of parliamen-
tary democracy and market economy
The war in the Balkans was a turning
point It revealed Ae limits of the will
and ability of the West Europeans to
use force in defense of common values.
The fighting could not be stopped be-
fore the United States had committed
its forces to an intervention. . _
Once again, America became, m the
words of then Secretary of State War-
ren Christopher, “the indispensable
nation' ’ for European security.
The message of the Yugoslav
tragedy fOT the nations of Central and
Eastern Europe was clear. They des-
perately needed to be accepted, to be-
long- Since admission into the Union
natural process by which Russia would
re-establish itself as a great power.
It was understood that & was. re-
ferring to the members of Common-
wealth of Independent States, excluding
the Baltic states. But in his latent state-,
mem he seems to include the' Battses:.
Coming on the eve of the sagnisjgof
the NATO-Russia agreement, &e De-
clamation of a new Brezhnev Docffl^
they
The war in the Balkans
was a turning point
Once again, America
became indispensable.
off the peg, like buying a ready-made
suit. Everywhere it is bound to need a
long evolutionary process.
In 1 989, the year of the great change,
it was possible to believe that a dy-
namic, self-confident European Com-
munity would exercise a powerful in-
fluence on developments throughout
the former Soviet empire. But soon the
Community itself was in a crisis.
Mounting unemployment and the
erosion of die welfare state turned at-
tention inward. Racked by self-doubt
and pessimism, today's European Un-
been slow to tackle the task of
ion
extending its reach eastward.
would obviously take years,
turned to NATO as a shortcut.
Now the Union can begin its own
enlargement under the protective um-
brella of NATO. Chancellor Helmut
Kohl hinted at the recent EU summit
meeting th fl r in his view the first three
stares to be admitted to the Union
should be the same three that first enter
NATO — Poland, the Czech Republic
and Hungary. The implication is that
the Union will move eastward only at
the pace of NATO’ s expansion.
How far might that be ? Foreign Min-
ister Yevgeni P rimak ov has already
drawn a lin e in the sand: Russia will in
no circumstances accept the inclusion
of former Soviet republics in NATO.
This is a new version of the Brezh-
nev Doctrine, although Mr. Primakov
added that it would not be enforced the
way it was in 1968, when Czechoslo-
vakia was occupied.
In earlier statements, Mr. Primakov
argued that "reintegration" of the
former Soviet republics under Russian
leadership was a necessary and indeed
' although reduced In scope^js a direct
challenge to Mr, Clinton's promise that
NATO's door will remain open to all
democratic states in Europe. . .
It is unlikely that the issue.wiUbepot
to a test in the near future. None of the
Baltic states will be invited to enter
before the first round of enlwgfcBjent
has been completed and ratified.
By that time, it Is hoped, Russian
policy may have evolved further in the
direction of closer cooperation with
NATO and other Western institutions,
malting Russian leaders mote relaxed
about NATO enlargement.
So far at least, the prediction that
NATO enlargement might provoke a
backlash against Boris Yeltsin has
proved wrong. Reformers are firmly in
charge in Moscow. Instead of continu-
ing sterile opposition to NATO en-
largement, Mr. Yeltsin is making the
:hasbeen
most of the opportunity that he 1
given to assert Russia's influence in
NATO and other Western institutions.
That may lead to a reversal of roles in
the Western debate. Critics of NATO
enlargement will no longer be aide to
claim that Russia has been isolated,
while supporters will have to defend
the deal againsr the charge that Russia
h is gained too much say. ' •
Interiuirimial Herald Tribune
'..if ^
Riishti*! WHi f
The French Want an Alternative to Pure Global Capitalism
W ASHINGTON — French
Socialists danced in the
streets this week, amazed at
winning back a majority in the
National Assembly only two
years after losing the presiden-
cy to the Gaullist Jacques Chir-
ac. After that defeat, many So-
cialists had wondered if they
would ever be in power again.
They won this time in part
because Mr. Chirac bungled,
calling an early election that he
didn’t have to call and then run-
ning what Serge July, foe top
political commentator for foe
French daily Liberation, called
‘‘one of the worst electoral
By E. J. Dionne Jr.
and labor laws and adapt
roria
campaigns ever seen.
But the Socialists, led by foe
professorial but tough-minded
Lionel Jospin, also won be-
cause a majority of voters de-
cided to throw a monkey
wrench into the machine known
ers moved fast to lower expec-
tations. The Socialists appar-
ently know that they can't just
snap their fingers and have the
government produce lots of
jobs, raise wages and save all
the social benefits.
In his campaign, Mr. Jospin
asked good questions about
what is wrong in France, with-
out having a clear set of answers
to put things right.
But this result, coming on top
of foe Labour Party victory in
Britain, is yet more evidence of
a shift in foe terms of debate in
foe industrial democracies —
not so much toward the left as
away from the right With the
left in power simultaneously in
France and Britain for the first
time since Britain joined foe
European Union, the balance
inside Europe could change
considerably.
The French vote, including
both the Socialist victory ana
foe substantial support won by
the far-right National Front, is
also a warning.
For years now; prophets of
foe global high-tech economy
have spoken as if they believed
in iron laws of history. Every
country would simply have to
junk * ‘outdated’ ' social benefits
to a
lean and mean new worl
There's a small catch. It's
called democracy. Many voters
in foe West would like to see
someone put an alternative on
the table, a little less lean and
considerably less mean. The
French Socialists and Tony
Blair's Labour have been as-
signed by their electorates to
come up with alternatives.
tf they fail, the iron law
crowd may have foe last laugh.
But not necessarily. That is
what is chilling about foe rise of
foe far right in France. If demo-
cratic reformers of foe Jospin
and Blair stripe offer one set of
alternatives to pure global cap-
italism, the extreme right offers
another — nationalistic, xeno-
phobic, scary.
The National Front is still a
decided minority, and many tra-
ditional conservatives, includ-
ing Mr. Chirac, have been quite
brave in resisting it. But its ex-
istence is a reminder that the
costs of mismanaging foe big
economic transition going on in
the world could be very nigh. .
•But Mr. Jospin's crowd is
nothing if not realistic, and
chastened by the disappoint-
id years. 1
ments of the Mitterrand years.'
They may end up behaving
more like foe centrist Mr. Blair
than anyone expects.
Washington Post Writers Group
Bill and Tony’s Tailor Has a Jacket for Lionel
as “the global economy.’’
The standard rap on the
French is that they reject foe
“realities" of a competitive
world market and cling to an
outdared “statism," seeking to
maintain a big social security
and health system, along with
all maimer of labor protections.
Well, exactly. The French
vote might be seen as an attempt
to redefine the terms of that
“reality," to insist that there is
more than one way to organize
foe world economy, and in par-
ticular a European economy
struggling with high unemploy-
ment and sluggish growth.
The Socialist program may
not be up to that task. As soon as
the party won, many of its lead-
■^J^ASHINGTON — There
was a picture the other
day showing Bill Clinton and
Tony Blair laughing together in
London. Here's a secret: They
were laughing about France.
You see, what Mr. Clinton
and Mr. Blair truly have in com-
mon is foe same tailor. They
have both been fitted for the
golden straitjacket — all foe
rules set down by global mar-
kets for how a country has to
behave economically if it wants
to thrive in today ’s world. What
happens when your country
puts on foe golden straitjacker is
that its economy expands and
its politics shrinks.
That is, growth rises, unem-
By Thomas L. Friedman
ployment falls and political
choices on all big issues — wel-
fare, interest rates, government
spending — contract to foe nar-
row limits set by the markets.
Mr. Clinton and Mr. BLairare
comfortable in this straitjacket.
They have learned how to
loosen irat foe waista bit, and so
have made it, for foe moment, a
political winner.
The reason they are laughing
at France is because foe French
seem to think they can avoid
this straitjacket and still enjoy
foe best of all worlds. They ac-
tually believe that they can still
be a world power and have their
truck drivers retire at 55 with
nearly full pay, work a 35-hour
week and close their shops for
two hours every afternoon.
If Mr. Clinton and Mr. Blair
could speak frankly to foe new
French prime minister, foe So-
cialist Lionel Jospin, they
would tell him this:
“Get real, Lionel. As they
say, we’ve gone from a world
whei
Thailand’s Aches Are Curable
B for a little perspective.
Not long ago, Thailand was an
investor's dream, exemplar of
Asian democracy, bountiful
land of liberalism, pluralism
and fine food. Now it is, to
judge from some headlines, an
exemplar of Third World
debt, investor risk, corruption
and political instability.
Truth always lay in a suit-
ably Buddhist middle way be-
tween those images.
The worst may not be over.
Thailand may yet succeed in
muddling through, but a final
cathartic crisis may be nec-
essary to restore equilibrium.
That at any rate seems to be
the message from foe financial
markets.
Whether the stock market,
now at one- third of its all-time
high, recovers any rime soon
is a matter of conjecture. But
the condition of this banking-,
finance- and propertv-domi-
nated market results from the
pricking of an asset price
bubble, and does not reflect
foe condition of the nation.
The story of the Thai eco-
nomy is simple: It overheated
for too long and must now
accept two or three years of
cooling off. That means 4 per-
cent growth rather than foe 8
percent of recent years. It is
likely to return to a sustainable
long-term (40 years) average
of 6 percent.
But 4 percenr is still better
than almost anywhere in those
cmTent favorites Latin Amer-
ica and Eastern Europe.
Current troubles are often
attributed to money-driven
politics. There is an element of
truth in this. Particularly tin-
By Philip Bowring
der former Prime Minister
Banham Silpa-Archa, money
politics and naive economics
were bedfellows.
But as a root cause of prob-
lems. political turmoil pales to
insignificance compared with
rowers are now paying 10 per-
cent real interest partly topro-
foe
Thailand's opening of its cap-
990s
ital market in the early 1991
while maintaining a long-term
commitment to a stable dollar-
1 inked exchange rate.
Both policies were much
praised in foe outside world
but led to shortsighted foreign
bankers and greedy local
companies arbitraging in-
terest rates on the assumption
that any amounts of new dol-
lar credit could be provided
without risk.
Thailand's total debt now is
not excessive. Its currency is
not significantly overvalued.
The nation is not averconsum-
ing. Its government is not
overspending. The problem is
overinvestment financed by
short-term debt on which in-
terest is very high due to wor-
ries about the baht
There is no easy escape.
Letting property and finance
companies collapse would
lead to a sharp fall in asset
prices and big losses for
banks, foreign as well as" local.
But it would clear the air.
Cut Interest rates and let the
currency float? The resulting
baht devaluation would do
nothing for foe trade balance,
and immense damage to big
companies with unhedged
dollar debts. But at some point
it could be the lesser evil.
The many small baht bor-
tect foe balance sheets
few big dollar borrowers.
Thai coalition dynamics
make Gordian knot-cutting
very difficult But in the long
run that is beneficial. Plural
politics exist to balance dif-
ferent interests, in this case
distributing pain rather than
pork. That will tend to mean
a middle road or muddle-
through approach. Thailand
has generally been wary of
dogmatic prescriptions, and
now wishes it had been more
skeptical of received Western
financial wisdom.
Politicians have underesti-
mated the scale of the prob-
lems. They still overestimate
growth prospects. But in their
judgments tney have been no
worse than die bankers, and
have kept cool heads com-
pared with the foreign fund
managers whose past greed
and current fear nave exag-
gerated the business cycle.
Another two years of eco-
nomic difficulties could put
the Thai political system un-
der strain, increasing the pos-
sibility of a lurch back toward
a more authoritarian setup.
There should be recognition at
home that tough decisions are
still needed, and realization
abroad foal today’s diffi-
culties are more cyclical than
fundamental.
Making predictions about
Thai politics is foolhardy, but
assessment of national pros-
pects should start with a 40-
year perspective of the track
record. Tne onus of proof is on
foe pessimists.
International Herald Tribune.
iere foe big eat the small to a
world where foe fast eat the
slow, and France can only be
great now if it's also fast. You
can’t be fast and work only 35
hours a week or retire at 55.
“You cannot maintain that
lifestyle and still be a global
power. Because you can't
maintain that lifestyle and also
do foe budget cuts, benefit cuts
and privatization of state indus-
tries required to join the com-
mon European currency.
“And we all know that the
common currency is your key to
remaining a great power, be-
cause a common currency is
what would keep you tied to
Germany and make the Euro-
pean Union a real global eco-
nomic player.
“And since your strategy is
to use your relationship with
Germany and your dominance
of the EU to maintain your
‘greatness’ in the post-CoId
War world, you need foat com-
mon currency. But you have to
pay for that.
“So lake your choice: You
can be great, or you can have a
great lifestyle (for a little while
longer). You can’t have both.
“Now. Lionel, the golden
straitjacket comes in only one
size, and you’re too fat. We’re
also laughing because we had
Margaret Thatcher and Alan
Greenspan io put our countries
on a diet of downsizing. They
took the flak and now we're
reaping the benefits.
"We’re betting that the
golden straitjacket will contin-
ue to produce enough growth so
that we can keep loosening it, so
lardest hit won’t be
foat those hs
too pinched, so that there woa't
be a political backlash. That's
our strategy."
France has no realistic altern-
ative to the golden straitjacket.
and the markets will soon ham-
mer home that reality.
Still, there is something ap-
pealing about foe French strug-
lifestvle
gle to maintain their lifestyle
and to resist foe constraints, and
one-size-fits-ail sterility, of the
golden straitjacket It’s Don
Quixote versus the bond mar-
ket. You’ve got to admire iL
Bill and Tony have pretty
well given up that fight. They
have confined themselves to the
politics of the straitjacker, leav-
ing little room to pursue foe
traditional social justice planks
of their parties. If the strait-
jacket continues to grow, so
might their political horizons
again. If it doesn't grow, their
politics will remain shrunken
and they will have plenty of
time on their hands.
The Wen- York Times.
IN OUR PAGES: 100. 75 AND 50 YEARS AGO
1897s Emigration Act
BERLIN — • The German Emig-
ration Act has been gazetted, its
purpose is not only to prevent the
rain of the emigrants, but also to
preserve foeir attachment to the
Fatherland. It has been found,
for instance, that the Germans
who settle in the southern parts
of Brazil, unlike those who go to
foe United States, retain their
national sentiment. This patri-
otic bill has been strongly op-
posed by foe navigation compa-
nies. Many German emigrants
have gone from Germany to
British ports, and then sailed for
foreign ports in British ships.
apart for the placing
i’s names in foe Hall of
tion was set ;
of women’
Fame. The new decision coin-
cides with the unveiling of the
bust of foe astronomer Maria
Mitchell, foe only sculptured
portrait of a woman to be placed
as yet among those of Wash-
ington, Edgar Allan Poe*
Ulysses S. Grant, Robert Fulton
and Marshal Joffre.
1947: Marshall’s Plan
1922: Hall of Fame
PARIS — There is to be no
discrimination as to sex in future
elections to foe Hall of Fame in
New York. The decision may be
regarded as one more landmark
in foe history of woman’s eman-
cipation. In 1904, a separate sec-
CAMB RIDGE— The countries
of Europe should work out a
great new program of recon-
struction, Secretary of State
George C. Marshall toW the
Harvard Alumni Association.
He promised American assist-
ance, “so far as it may be prac-
tical," to nations embarking on
such a program. The purpose ot
such a policy should be tore v,ve
"working economy" and , 'P er '
mil the emergence of political
and social conditions wherein
free institutions can exist."
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INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
OPINION/LETTERS
v3S
PAGE 9
fc r*.c,V ;?
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r °pp Case of Rightist Militias
Is Anything but Closed
By Frank Rich
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N ew YORK — Closure, the
buzzword of the week, is the
panacea for all our American ills.
No sooner was Timothy McVeigh
found guilty than it was univer-
sally declared that closure would
arrive soon for the loved ones of
his 168 victims. The verdict brings
instant closure to some troubled
American institutions, too: The
FBI proved that it could still get its
plan (even if it did bungle ev-
‘ idence), and. after the O.J.
Simpson trial, the legal system
proved it could still work. There’s
even closure for the press, which is
already racing on to Paula Jones.
Closure truly is a balm for grief,
and we can only hope that the
mutilated families of Oklahoma
City will find it. But if the rest of
us are now lulled into compla-
cency by a well-conducted trial's
fair outcome, that’s not closure —
it’s amnesia. Timothy McVeigh
■ didn't come from nowhere but
was an exemplar, however ex-
treme, of a diverse, violent rightist
fringe, ranging from neo-Nazis to
gan-absolurists to Christian Iden-
tity white supremacists, that most
■ journalists ignored prior to April
19, 1995. Now that his case is
closed, will this terrorist nether-
world be forgotten again? Though
Mr. McVeigh may be going away,
his political bedfellows and com-
rades in arms are not
. Yet unless a terrorist incident
occurs in full view of a TV camera
— as in the srill-unso/ved bomb-
ing at the Olympics — it no longer
>Qj commands the national media.
mVi The mass carnage of the Okla-
homa City bombing has so raised
the bar of horror that other in-
cidents are now “minor.”
Not for their victims, however.
Abraham Foxman of the Anti-Def-
amation League, which monitors
milida activity, has noted “a dra-
matic increase in militia-related
crime' ’ over the past 1 8 months.
Since Oklahoma City, two se-
rious bombing plots involving mi-
litia cells in Oklahoma and
Michigan have been foiled; die
targets included an ADL office in
Houston and a federal building in
Battle Creek, Michigan.
Abortion clinics have not es-
caped so easily. This year alone.
Bombings and" arson have struck
clinics from Portland. Oregon, to
Atlanta — to name just the most
violent of 14 incidents categorized
as “extreme' ‘ by the National
Abortion Federation. Remarking
on how little attention is paid to
these crimes, Gloria Feldt, Planned
Parenthood’s president, says:
“There seems to be an inability to
recognize that this terrorism is ter-
rorism. Isn’t bombing a woman’s
health center terrorism?"
If anything. Planned Parent-
hood’s frustration right now is a
replay of just three summers ago,
when it held a press conference in
New York to call attention to its
self-defensive research into viol-
ent far-right activity threatening
its members. Its lonely findings
were all but ignored until Okla-
homa City, at which point the
Justice Department and journa-
lists alike came running for valu-
able leads into mili tias and other
terrorist groups that had turned-up
on Planned Parenthood’s nation-
wide radar screen.
Even the above-ground political
activity of the far right is now little
noted. No one seems to know or
care, for instance, that William
Pierce, whose 1978 novel “The
Turner Diaries’ ’ inspired Timothy
McVeigh, spent last month pro-
moting his neo-Nazi organization,
the National Alliance, at conclaves
starring the former Ku Klux Klan
leader David Duke in cities like
Cleveland and Tampa, Florida. Or
that Norman Olson, the Michigan
militiaman examined by the Sen-
ate and the television journalist
Ted Koppel two years ago, this
week unveiled new Waco-driven
logic pronouncing the McVeigh
verdict proof of government “cul-
pability" in Oklahoma City.
The "journalist Frederick Clark-
son, whose new book, “Eternal
Hostility.*' is an up-to-date guide
to rightist factions, points out that
ir’s “an authentic crisis of de-
mocracy when people seek to
blame the government' ’ for all ills
and forsake the ballot box as a
means of change. Chip Beriet. an-
other longtime analyst of the far
right, speculates that “perhaps as
many as 5 million” Americans
adhere to the most enraged vari-
eties of rightist populism and are
part of “the recruitment pool” for
‘ ‘neo-Nazi demagogues ‘ ' waiting
“to exploit and channel unre-
solved anger toward bloodshed
and terror.”
Thank goodness for closure.
None of this is our problem any-
more.
The Se tr York Times.
PP|§|iS
W3 <£■
LETTERS TO THE EDITOR
A Plan for Africa
Your celebration of the 50th
anniversary of the Marshall Plan
(May 28 1 pays just tribute to the
distinguished men and women
who moved the plan from idea to
action and onto the platform of
eternal hisrory.
Today, we must remind
ourselves that the world needs an-
other Marshall Plan — this time
for Africa.
George Marshal] said his plan
was not “directed against any
country or doctrine, but against
hunger, poverty, desperation and
chaos.” If the Europe of 1947 was
hungry. Africa today is hungrier,
and contains desperation and
chaos on a scale the world has
never seen.
This continent of about 720
million people has the lowest
per-capita .income and growth
rates in the world. Its countries are
torn by ethnic strife, disease,
hunger, poverty and religious
animosity, all arising from a
dearth of hope and a gradual, in-
exorable march backward to a
state of nature.
Western responses to the situ-
ation have been selfish, symbolic
or both. This pessimism is also
informed by the cynicism that
Africa is a hopeless case, its
people ignorant and irredeem-
able.
But what is the rest of the world
going to do? Wish away the
existence of the continent and
risk greater epidemics and more
deaths?
An Africa that goes to ruin
while the world gawks is a blight
upon the values that unite us as a
human community. The time to
do something is now.
REUBEN ABATl.
College Park. Maryland.
The author, a columnist and
editorial writer for The Guaidian
in Lagos, is currently a fellow at
the University of Maryland's
school of journalism.
The Drug War
Regarding “Much Tolerance of
Heroin Chic ” (Opinion. May 24)
by A . M. Rosenthal:
Mr. Rosenthal writes that, ex-
cept among children, “drug use is
decreasing — the result of the
drug war.”
The same week Mr. Rosenth-
al's article appeared. Dr. Martign
Ten Ham, chief of drug safety for
the World Health Organization,
was quoted in Newsweek as say-
ing that the’ sale of unregulated
pharmaceutical drugs over the In-
ternet was “like a fire growing
fast; there’s no real control.”
JEANETTE F. HUBER.
Kinsale. Ireland.
Before Mr. Rosenthal's moral
high horse runs completely away
with him, he should consider the
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A crying
need for a
nanny?
Six Days of Fighting ,
30 Years of Fallout
By Abraham Rabinovich
insanity of a legal system in which
convicted murderers often get off
more easily than possessors of
minuscule amounts of marijuana,
who can get life sentences.
CHARLES DICKINSON.
Paris.
Unseeded Masses
The front-page article on the
French Open (" Tennis Without
Rhyme or Reason," May SI I dis-
played a disgraceful lack of re-
spect for the' tennis stars of the
future. The headline made no
sense: the fundamental logic of
all sports says the old champions
will fade and be replaced by the
young.
The writer seemed surprised
that Pete Sampras could lose to
the 21-year-old Magnus Norman:
in today’s world of tennis, that is
not at ail a tender age.
The comments about Gustavo
Kuerten were even more offen-
sive; since when does growing up
in a beach community cause an
athlete to be taken less seriously
as a competitor?
When this “Brazilian from, the
beach” further demonstrated his
talent by upsetting Ukraine’s An-
drei Medvedev a few days larer,
he was referred to as "riffraff” by
the same writer ( " Revolution in
Paris. Unsceded Masses Rise.”
Spans).
JAMES WILSON.
Paris.
J ERUSALEM — Taking shelter
in a downtown building when
shells began falling on Jerusalem
30 years ago, I found myself in
City Hall. "Mayor Teddy Kollek
received me, a visiting correspon-
dent, iii his top-floor office. From
his window, we watched dirty gray
plumes rising all across Jerusalem
as shells hit. It seemed as if the city
were being blown apart.
Two days later, on June 7, 1 was
on the Temple Mount in East Je-
1967 MIDEAST 1997
rusaiem, which had just fallen to
Israeli paratroopers. Long - lines of
Jordanian prisoners moved across
the monumental esplanade,
guarded by paratroopers cradling
Uzis. Beyond the Mount of
Olives, warplanes darted down
over the Jericho Road, where the
Jordanian Army was retreating.
The Six Day War was a wa-
tershed event that changed the
course of Middle East history with-
the suddenness of a thunderbolr.
Escalating border incidents be-
tween Israel and Syria and a false
report by a Soviet diplomat that
Israel was massing troops on the
Syrian border had prompted the
Egyptian leader Garnal Abdel
Nasser to begin moving troops in-
to Sinai on May 15. Nasser asked
the United Nations to remove its
buffer force from Sinai and de-
clared the Tiran Strait closed to
Israeli shipping, a clearcasus belli.
Israel mobilized its reserves.
Many historians today believe
Nasser was only posturing. From
Israel, however, the movement of
the Egyptian and other Arab
armies toward its borders evoked
existential fears. Seven Egyptian
divisions with 130.000 men and
1 .200 tanks were confronted by an
Israeli force, largely reservist, of
35,000 men and 5CiO tanks.
For three weeks. Israel futile!)
pressed the International commu-
nity, particularly Washington, to
force Egypt to reopen the strait.
Resident Lyndon Johnson, em-
broiled in Vietnam, wanted no new
commitments. On June 2. Prime
Minister Levi Eshkol appointed
the war hero Moshe Dayan as de-
fense minister. Two days later.
General Dayan called a press con-
ference at which he said that it was
roo late for a military reaction to
the Egyptian moves and that Israel
would seek a diplomatic solution.
The next morning, abou 1 7 A. M.,
200 Israeli ware lanes began taking
off in carefully timed "sequence.
Their mission was to strike simul-
taneously at 1 1 Egyptian airfields,
about 45 minutes’ flying time from
Israel. It was an operation that had
been in the planning for years, one
so secret that even rhe general staff
had only a vague idea of its nature.
The planes flew low over the sea to
avoid radar detection and in total
radio silence. As they converged
on their targets at treetop level, the
pilots pulled up to bombing altitude
and began their runs, returning re-
peatedly to strafe the Egjpfian war-
planes deployed on the fields.
In his command bunker in Tel
Aviv, the air force commander
General Mordechai Hod found the
reports he was getting from the
flight leaders hard to believe. The
number of enemy planes destroyed
in the fust wave was twice as high
as anticipated. When the planes
landed at their bases in Israel, they
were refueled and rearmed within
10 minutes and the pilots took
them up for a second attack. This
time they flew at bombing altitude
and were guided by enormous
columns of smoke rising from the
Egyptian bases. Within three
hours, the Egyptian Air Force, with
more than 400 planes, had been
destroyed. The war was effectively
over, except for the fighting.
On the ground. the~ihree Israeli
divisions facing Egypt had also
launched their attack. In complex
and fiercely fought battles, they
succeeded in breaking the Egyp-
tian lines and setting a rout in
motion before the day was done.
Meanwhile, with "the first re-
pons of the Israeli air strike.
Jordan's King Hussein ordered his
artillery and air force to attack Is-
rael. Within two days. Israel was in
possession of Jordanian Jerusalem
and the West Bank. On the morn-
ing of the fifth day of ihe war. Israel
attacked up the precipitous Golan
Heights and engaged the Syrian
Army. By the evening of the sixth
day. it had captured the Golaa
On the seventh day it rested.
The Middle East, however,
would not rest for long. The con-
sequences of that brief June war
are still engaging Israel and the
Arabs 30 years later.
The writer, a reporter with The
Jerusalem Post, contributed this
comment to the Herald Tribune.
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Some Like It Hot,
Some Like It Cool
The Jazz Festivals of Summer
By Mike Zwerin
hin-nuinonul Htrjld Tribune
P ARIS — The subject won’t
go away. It keeps getting
bigger. There’s no avoiding
it. What new to say about
summer jazz festivals'?
Well, there's more than nine ways
to ( sorry) give some skin to a cat.
Let’s leave the trodden paths between
the usual three-ring circuses in favor
of a few unexplored or at least un-
expected places.
A FLEUR DE JAZZ. Parc Floral de
Paris: A concert every Saturday af-
ternoon at 4 through September. Ad-
mission to the gardens of the Pan;
Floral in the Bois de Vincennes is 10
francs i less than S2) maximum, jazz
included. Call it free. Sit under a tent or
lounge on grass. For ex-
ample: June 21, Eric Wat-
son; July 19. Antonio Hart;
July 26. Danilo Perez: Aug.
lb.Bireli Lagrene: Sept. 13,
Enrico Rava/Aldo Romano:
SepL 27. Brad Mehldau.
(33-1 1 43-43-92-95.
FESTIVAL INTERNA-
TIONAL DJANGO REIN-
HARDT. Samois-sur-Seine. France.
June 27-29. A wide spot on the river at
the end of a cui-de-sac. Reinhardt
retired to fish in this bucolic Parisian
exurbnot far from Fontainebleau, and
he died here. Cates and restaurants
face a bandstand on a cute small is-
land. The accent is on the heritage —
Gypsies with guitars circle their cara-
vans and play as well as listen. The
Quartet of the Hot Club of Norway.
Patrick Saussois "Alma Sinti Gipsy
Music.” Philip Catherine. Babik Re"-
inhardt. Richard Galliano. Three
"sons of Django" — Jim Nichols,
Romane. Martin Taylor. Sunday
morning memorial mass. (33-1 1 64-
69-64-66.
MONTREAL INTERNATIONAL
J.AZZ FESTIVAL. June 26-July 6:
One of the most respected circuses of
them ail. five rings at least, the large
proportion of quality free concerts
pretty much takes over downtown.
Srars in the evening include Man-
hattan Transfer. Herbie Hancock. Joe
Lovano "Celebrating Frank
Smatro.” Tony Bennett. Diana Krali.
Eddie Daniels and "The Five Sea-
sons” with 1 Musici, The Count Basie
Orchestra. 1 1-SS8) 5 15-0515.
MONTREUX J.AZZ FESTIVAL.
Switzerland. July 4- 19. The most am-
bitious, commercial and eclectic pro-
gramming known to jazzkind in a tidy
town on the Swiss Riviera. An o fi-
fes rival with a ff ee view of the Alps in
the afternoon. In the evening, a choice
of two halls: Bobby McFerrin, GU-
berto Gil, Papa Wemba, Roy .Har-
grove, Ziggy Marley, Sheryl Crow.
Ahmad Jamal. Bela Fleck and the
Flecktones. Monty Alexander. Eric
Clapton. The Chieftans, Don Byron,
Earth, Wind and Fire, FFF, Kenny
Garrett and so on — and on and on.
Beware the big bad Swiss franc
deals available). (41-21)
ESTORIL JAZZ FESTIVAL, Por-
tugal. July 2-11: Once a royal wa-
tering hole. Estoril has moved a few
classes down the tourist scale. Never
mind, the perfumed coast west of
Lisbon is still magic, if sometimes
ovemin. Concerts in the casino and in
the park. McCoy Tyner. Woody Her-
man Orchestra. Abbey Lin-
coln, Jeny Gonzalez and
the Fort Apache Band, Bud
Shank, Frank Foster Or-
chestra. (35 1-1 J4S3-1000.
UMBRIA JAZZ FESTI-
VAL. Perugia. Italy. July
11-20: A combination of
ambitious size, beat-fee-
band programming, busi-
nesslike organization, mind-blowing
architecture and taste-bud-popping
pasta. If there issuch athing astheone
and only best, this is it. Concerts in a
park, the ruins of a medieval church, a
stunning Renaissance theater, and the
beer flows in stone-walled wee-hour
joints. Hank Jones. Dee Dee Bridge-
water. Marcus Miller, Manhattan
School of Music Big Band. Ray
Brown. Courmev Pine, Joshua Red-
man, Jazz Passengers with Deborah
Harry. Steve Coleman, Rockin’ Dop-
sie Jr. & The Zydeco Twisters, Tom
Harrell. George Russell. Youssou
N’Dour. T.S. Monk. (39-75) 573-
2432.
J.AZZ IN MARC LAC, France. Aug
7-17: The biggest difference between
human beings is neither race, nation-
ality. age nor religion. It is the dif-
ference between city and country.
Time is different, and space. The
twain meet here in the Gere, the
middle of nowhere in southwestern
France, where the music comes to the
folks rather than the other way around.
A perfect blendship of culture, major-
league sound, good ecology and
friendship. Johnny Griffin. JackyTer-
rasson. Wynton Marsalis, David (Fat-
head) Newman. Frank Lacy, Benny
Waters. The Carnegie Hall Jazz Band.
Tommy Sancton. Phil Woods, Ray
Charles. Original Prague Syncopated
Orchestra. (33-5) 6209-3333.
A Somber Search for Ireland’s
By Christine S. Cozzens
OST visitors to Ireland
first come upon evidence
of the Great Potato Fam-
ine of 1 845-50 where I did
— in the graveyards. Prowling around
the north transept of Sl Mary's Col-
legiate Church in Youghal; County
Cork, one afternoon, I was surprised to
rind a large, rounded-off pyramid of
earth surrounded by an iron railing
marking a famine grave.
Sir Walter Raleigh is said to have
introduced tbe potato to Ireland next
door in fee garden of his mansion,
- Myrtle Grove. In Kilmallock, County
Tipperary, a huge expanse of prime real
estate stands empty in fee middle of a
housing development, and in lush pas-
tures above the town of Callan in
County Kilkenny, one field of green has
been landscaped as a memorial to the
dead buried mere.
Many famin e burial grounds bear no
markers. In Dunfanaghy, on fee north
coast of Donegal, townspeople directed
me to a triangular yard of grassy
mounds on a hill overlooking fee bay.
The swollen earth, uotouched after all
these years, is eloquent if silent.
Once Europe's most densely pop-
ulated country. Ireland lost a quarter of
its population through death (about 1.5
million) or emigration (about I million)
as a result of fee blight that devastated
seven consecutive potato harvests, a
period of unimaginable suffering that
transformed fee society and landscape
so profoundly feat it has taken gen-
erations for its stories to be told.
commemorations The sesquicent-
ennial of ' ‘Black ’47“' — the worst year
of the famine — is being commem-
orated this year. And for the next several
years in Ireland, fee famine will be the
subject of exhibitions, radio plays and
television programs, books and articles,
and service projects related to world
hunger.
Tbe famin e produced few
works of an and no architec-
tural monuments. Most con-
temporary guidebooks — if
they mention it at all — treat
this calamitous event in a para-
graph. Yet fee famine's mark
is visible everywhere, and fee
traveler attuned to its presence
will see an Ireland of more
shading and nuance than the
country of pubs and sham-
rocks — a portrait in fee realist
mode.
Since 1800 the British gov-
ernment, ignorant of Irish lan-
guage and culture, had ruled
Ireland, and when in 1845 re-
ports trickled into London of a
potato harvest blackened and
inedible, few observers envi-
sioned widespread starvation.
The cause of fee blight to Ire-
land's dietary staple — a
fungus from America — re-
mained a mystery, as politi-
cians and pundits blamed
everything from the weather to
Irish fecklessness. Though fee
worst was over by 1852. fee
tide of emigration that surged
wife the famine continued for
a century.
Over 20 years of traveling fee coun-
try, I had collected many references to
this supposedly invisible epoch and
wanted to know more, so last spring I
followed an erratic, impractical itiner-
ary from one end of Ireland to fee other
in search of fragments of famine his-
tory.
I began my search for Famine Ireland
in Strokestown, County Roscommon, in
fee rich midlands farm country, land of
fee "big houses” built and sustained by
the labor of tenant farmers. Beyond a
ChrM. fhf Bum mi
Coastal Donegal was one of the regions hardest hit by the great famine .
triple-arched gateway in fee town center
lies a white stucco Palladian-style edi-
fice, Strokestown Park House, whose
owner. Major Denis Mahon, was as-
sassinated in 1847 after forcing more
than 3,000 of his starving tenants to
emigrate. It now houses Ireland's first
major exhibition chronicling fee forces
feat made fee potato blight so cata-
strophic. Set in the former stables, the
Famine Museum opened in 1994, and
draws together research and testimony,
including Strokestown Park. House's
original estate records.
In the main house, fee reception
rooms and private quarters are furnished
with original belongings in telling con-
trast to fee conditions of the tenants os
depicted in fee museum. In the 1840s on
rent day fee Fanners entered fee land-
lord's home through a tunnel built to
Monaghan — are not ancient fortific-
ations but famine relief projects.
When the blight struck, fee Earl of
Rosse, owner of Bin Castle in County
Offaly, turned the castle's resources
over to community relief and research
into the cause of the disaster. To provide
jobs, he embarked on several building
projects: a star-shaped moat and a
crenelated keep, both designed by the
earl's wife, Mary, to enhance the
castle's Gothic appearance and still
standing today. Not far from the castle,
behind fee largely intact workhouse, fee
mass famine grave is marked by a
simple Celtic cross put up recently by a
local woman at her own expense.
Sometimes relief came wife a price.
West of Strokestown, on fee northern
rim of Clew Bay, lies Actaill Island,
County Mayo, one of fee regions hard-
Paul iinEi.pl, .ter
This year marks the 150th anniversary of "Black ' 47." the worst of the potato famine.
keep fee crowds from interfering with
the parkland views.
While many landlords fled during the
famine years, others took an active role
in improving conditions at home. In fee
1840s, Ireland's Gothic Revival en-
joyed a resurgence as estate owners
invented projects to provide employ-
ment because they feared fee debilit-
ating effects of charity. The famous
"shilling a day” walls that surround so
many estates — like fee long stone wall
at Castle Leslie in Glaslough, County
est hit Even before hunger intensified
fee religious and cultural differences,
Protestant ministers moved into Cath-
olic, Irish-speaking areas of the country
like Achill hoping to win converts. In
fee 1830s the Reverend Edward Nangle
set up a Church of England mission in
the village of Doogort at the base of
Slievemore, an immense .mountain
touched wife mica and quartz.
Nangle hoped to spread the English
language, and when famine struck, he
added food and shelter to fee advantages
Of Chamber Pots and Potatoes in Munich’s Museums
By Roderick Conway Morris
fi.-fy //, r. i /,/ 7' shin.
M UNICH — Free admis-
sion for "over-99-year-
olds accompanied b>
their parents” and. in-
deed. anybody, so long as they view the
museum "from the outside," are two
of the distinctive attractions of the
Valentin Museum, which occupies the
[sartor, a medieval gaiewaj to the city.
It is dedicated to fee life and times of
Karl Valentin f 1882-1948). Munich’s
zaniesi music-hall artist, stand-up com-
ic and author of several hundred pla\ s.
films and sketches.
For those who don’t qualify for the
unique!) uencrous concessions offered
h\ the Mu-aeum (whose adjusted
spelling wickedlv mimics the pronun-
ciation of tile kind of hopeless ignora-
mus who wouldn’t be seen dead in
one), fee entrance charge of 299 pfen-
nigs iSI.75i seem.-. u not unreasonable
price to see Valentin's only painting,
an entirely black canvas. "Chimney
Sweep by Night.” to make the ac-
quaintance of Professor Fluidum. in-
ventor of a weed-killer so potent ir
made "even the shovel bloom." and to
encounter a host of other manifest*
aliens of Valentin's fruitfully deranged
imagination.
RENDEZVOUS The cate. 87 spiraling
steps up on the top floor. i> a popular
rendezvous, with a table reserved for
■ 'old fogies.” the trombone with w hich
Valentin caused untold distress to him-
self and his listeners, and dozens of
objects evoking this life-enhancing an-
archic figure.
In a citv feat takes its cultural life
seriously and has excellent
museums on just about
every- subject from Egyptian
an to Electricity.’ fee
Valentin Musaeum might
seem an eccentric anomaly,
but turns out to be fee tip of
an iceberg of oddball mu-
seum culture. A stone's
throw away from the Isanor,
at 41 Westenrieder Srrasse.
is ZAM. the Zentrum fuer
Aussergewoehnliche
Museen (The Center for Un-
usual Museums), the cre-
ation of Manfred Klauda.
the doven of Munich’s al-
ternative museum curators.
”1 w anted to paint when I
was a \ouns man and even
had some exhibitions, but
this was just after the last
war. Mv parents had no sympathy wife
my artistic ambitions and told me to
siudy something to make a proper liv-
ing." said Klauda, who reluctantly be-
came lawyer, bui at 60 retains an ir-
repressible air of good humor, energy
and curiosity. While plugging away at
his unchoscn profession Klauda con-
tinued to haunt museums, galleries and
auction rooms, and ii began to strike
him feat a number of interesting but
peculiar areas of cultural hisrory were
passed over in standard institutions.
"Then l happened to go to an auc-
tion and found a small collection of
chamber pots forsaie. 1 was amazed not
only how nice these ponies were, but
how clearly they represented progres-
sive changes in artistic and decorative
styles.” he said. Klauda now - has more
than 8.000 chamber pots, of which
2.000 are on >how at ZAM. The col-
A pedal-driven classic car copy in Munich museum.
lection stretches from Roman times to
some remarkable Art Nouveau pro-
ductions of the turn of the century, after
which fee utensil began to disappear.
Refined Workmanship
The refinement of many of the
pieces, made by fee most celebrated
makers of ceramics and porcelain, and
some bearing fee coats of arms of ar-
istocratic and royal families, is extraor-
dinary — fee point being, as Klauda
said, fear “the higbest-quaiity products
were sriil made by the best artists and
craftsmen available, regardless of the
fact that, in this case, they were making
chamber pots.”
There is also a whole section de-
voted to fee bourdaloue. These gravy-
boat-shaped objects, nowadays often
mistaken for antique tableware, were
named after a French Jesuit
preacher, Louis Bourdaloue
(1632-1704). whose fash-
ionable but interminable
sermons led aristocratic fe-
male fans to bring wife them
discreet vessels to relieve
themselves if the need
arose. Bourdaloues also
proved generally conveni-.
ent for ladies wearing fee
cumbersome full-dress of
the period, and for Those
traveling by coach. The
principal manufacturers in
China. Japan and Europe
produced them for a mainly
upper-class clientele, and
Klauda’s collection con-
tains monogrammed ones
made for Marie-Autoinene
and her sister Marie-
Chnstine, and toy ones for dolls.
Since launching fee center Klauda
has received both loans and donations
and has acquired objects feat enabled
Him to hold a series of temporaty shows
on specific themes and to create more
permanent sections in fee museum. A
recent temporary exhibition covered
fee evolution of the Christmas tree —
originally often hung from the ceiling
Uke a chandelier — and new longer-
term rooms reveal the mysterious his-
tory of Easter bunnies and Easier eggs
(traced back to feeir origins as fertility
symbols in ancient religions) and a
marvelous collection of children’s ped-
cars, a pint-sized museum of fee
development of fee automobile, wife
some obviously expensive pedal-driv-
en models of classic makes from
Bugattis to Buicks. I Klauda once
pedaled one of these robust, child-
proof vehicles from Munich ro
Dresden ).
The pedal cars and Easter bunnies at
ZAM are particularly popular with
children, as is another museum not far
away at 53 Neuhauser Strasse, the Jagd
und Fischereimuseum (Museum of
Hunting and Fishing). Ir is housed in a
magnificent former Augusrinian
church and, apart from paintings and
antique firearms, it has an enormous
collection of stuffed animals.
A
MONG fee prize exhibits are
Wolpertingers: mythical, rab-
i bit like creatures with claws
like birds and wings, which mischiev-
ous taxidermists concocted to foot gull-
ible folk. A number of examples are
shown in their woodland habitat, with a
deadpan map of feeir distribution in
remote parts of southern Germany.
A recent newcomer to the ranks of
Munich’s seemingly off-fee-wail, but
informative collections, is Das Kar-
toffelmuseum (Potato Museum), at 2
Grafinger Strasse (near the Ost-
bahnhofl This provides an absorbing
history of the “mie gold of fee Incas.' ’
illustrated with contemporaiy paint-
ings, drawings, engravings, prints and
other exhibits, from fee tuberis origins
in fee Andes (where fee Incas not only
worshipped but perfected a method of
freeze-drying fee vegetable), to its ar-
rival in Europe as a purely decorative
Diant, then delicacy for the rich, and
later staple for the poor and source of
alcohol, paper, soap and cosmetics.
Among fee curiosities on show is a
promotional pin-up. put out by the
Idaho-porato growers, of Marilyn
Monroe in a fetchingly figure-hugging;
made-to-measure potato sack.
of the Protestant faith. Called
ism because soup was offered
price of conversion, this iactic-gan^
strife on Achill and elsewhere,' but jn
other places Catholics and Protestants
worked together to provide relief. The
brightly painted missionary buildings
house a hotel now. and Naagle’s dgsrli
is still in use.
Villages along the Donegal coast
benefited from relief projects, but bard
labor tended to worsen the condition of
already ill-nourished workers, and
political wrangling dismantled fee-pro.
gram before it could be reformed.
Durable Structure*
Bui in towns all over Ireland, fee
public works projects — . municipal
buildings, roads, bridges and viaducts,
drainage systems — were solidly buHt
and many exist today. In the tiny cliff,
side village of Bun beg straddling fee
mouth of tbe River Clady, the harbor
and fee nearby grain store were built as
pan of this program. Farther north at
Ponnablagh, the stone pier in the tiny
harbor bears fee dare 1 849.
In Donegal I visited the recently re-
stored Dunfanaghy Workhouse, one of
130 such structures the British built for
relief in freland on the eve of fee famine,
little realizing how quickly they would
fill- to overflowing. Many workhouses
still stand and are easi ly recognizable by
their architecture and bv fee 1 840s date
above fee main door. Some, like the one
in nearby Letterkenny, serve as mu-
seums of local history, while otherc
maintain a vestige of their original pur-
pose as hospitals or nursing homes.
The Dunfanaghy exhibition focuses
on famine history, including artifacts,
illustrations, and recorded testimony
from survivors. The building's bilateral
structure reflects fee separation of men
and women, boys ana girls; families
were divided, some never seeing their
relatives again.
The prevailing philosophy — con-
sidered advanced for its time — was to
make workhouse life humili-
ating so that only the most
destitute would apply. Upon
acceptance, inmates donned
uniforms, gave up all land
holdings and personal effects
and. already weak from star-
vation. carried put hard labor.
By 1847 workhouse deaths
had soared to 2,700 a week.
In spite of some prosperity
brought by tourism. Ireland's
western counties still wear an
atmosphere of desolation in-
herited from famine times, a
product of fee mass emigration
that transformed these forma
strongholds of Irish culture
and language. In Mayo. Gal-
way, Clare, Kerry and Cork,
there are still ruins of cottages,
churches, and stone walls
marking settlement boundar-
ies feai were 3b3ndoned dur-
ing fee famine- or afterward.
West Cork is still haunted by
famine stories. On fee Mizen
Peninsula, a finger of land jup-
ting out into the Atlantic, res-
idents tell of a long tradition of
watching fee emigrant ships far
out at sea sail westward. Tbe
travelers’ last glimpse of Irish
soil would have been Fasmet Rock, six
miles off Mizen Head and the scene in
1847 of the wreck of the Stephen Whit-
ney, a ship carrying emigrants.
On either side of Roaring Water Bajj
fee towns of Skibbereen and Schufi
prosper today, the former as fee region's
chief business center, tbe latter as a
yachting venue. Skibbereen and Schull
were once described as “those two fam-
ine-slain sisters of the south.” As the
suffering worsened in fee southwest, a
local minister published graphic reports
on the conditions at Skibbereen.
The cry “Revenge for Skibbereen'-
has fueled ami-British protests in Ire;
land ever since, and the local workhouse
was burned in 192 1 . during fee violence
that preceded independence.
I N Skibbereen today, only the old
steam mills near the river, site of a
soup kitchen supported by subscrip;
lion, and the workhouse wall now sur-
rounding a hospital, remain. But at Ab-
beysrowry, west of town, amid fee ruins
of the 14th-century Cistercian abbey, a
field of uneven grassy mounds and a
memorial mark the mass burial ground or
famine pits, where during the” 1840s a
nightly procession brought hundreds of
bodies. Carpenters worked night and day.
but eventually fee pits could not accom-
modate fee extra bulk of the coffins.
At fee head of Cork harbor, the town
of Cobh, formerly known as Queen-
stown, commemorates fee drama of
emigration. After the famine years, de-
pressed conditions in Ireland led an-
other 2 million people to leave, reducing
the population of fhe island to 4 million,
where it stands today. With its wrought-
iron railings, street lamps, and neat
flower beds. Cobh (pronounced cove)
— fee major embarkation point for
North America from the famine to 1950
— blends Georgian and Victorian ar-
chitecture along a waterfront once con-
gested wife passenger ships. The orig-
inal train station and transit point has
been carefiiily restored. Called fee
Queenstown Story, the spacious build-
ing houses a collection of luggage and
personal items carried on board any
audiovisual displays, including di - *
oramas depicting the severe conditions
of shipboard life.
My great-grandfather. Nicholas
Cozzens. who left County Wexford as a
boy during fee famine, probably sailed
from Cobh.
iiMDEEaos
;!!. i • u
l*J
fo'Ti
K l4
N 5
Christine S. Cozzens. who teaches
writing at Agnes Scott College in Dec*,
atitr. Georgia, wrote this for The New
York Times.
INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
PAGE 11
THE FREQUENT TRAVELER
Unhappy Customers Talk Back
By Roger Collis
Inunuuiomil Herald Tribune
J UST in case there's a business
traveler who has any doubt that air
travel, is a miserable, often de-
grading, experience, here comes
United Airlines with a $125 million mul-
timedia advertising rampaion apologiz-
ing to road warriors for the “pitiful state”
of air travel and promising to make
amends with a 5400 million program of
“service enhancements” — a “blueprint
that will enable the airline to revolutionize
air travel in die next several years."
The campaign is based upon “one of
the most exhaustive studies of air trav-
elers ever undertaken,” according to
Gerald Greenwald, United's chairman
and CEO. “it would be disingenuous of
me to say we weren't already aware of
the fact that air travelers are unhappy/'
he says, somewhat ingenuously, you
might feeL “What shocked us was the
depth of dissatisfaction we uncovered.”
According to United, “air travel can
be a frustrating, isolating experience for
business travelers” who often feel
“trapped or helpless when things go
wrong," have learned “to look out for
themselves because the airlines won't
look out for them” and “don't believe all
that we tell them when planes are delayed
or canceled." And when it comes to
fares, “they fee! we’ve cheated them.”
Getting No Respect
Travelers faulted airlines with a range
of shortcomings from ticketing, check-
in and in-flight amenities to baggage-
handling and punctuality. Business trav-
elers — who account for 9 percent of
customers and 45 percent of revenues —
“do not feel that airlines show them the
respect they deserve.”
Airlines have rarely had it so good.
Fares have increased with rising de-
mand, faster than the rate of inflation,
according to the American Express Air
Fares Index, especially for business trav-
elers emerging from die recession.
The Association of European Airlines
(representing 26 carriers) reports that
passenger traffic for April increased by
1 1 percent. Overall “load factors” are on
course for a record 71 percent this year.
The growth of alliances, such as die
recently announced Star Alliance be-
tween United Airlines, Lufthansa, SAS,
Air and Thai Airways, and die
controversial American-British Airways
allianc e on die North Atlantic, has, ar-
guably, resulted in less competition and
lack of consumer choice on many major
routes. Airlines, especially in the United
States, have been retreating to their core
hobs, tacitly relinquishing business to
their rivals, creating monopolies or duo-
polies on major nates. Delia, for ex-
ample, with a monopoly on nonstop
flights between JFK and Salt Lake City,
offers a cattle-truck service worthy of
navel in the former Soviet Union.
Richard Whitaker, editor of Airline
Business' magazine, says: “The United
case is quite significant. Airlines have
concentrated on cost-cutting, making
themselves more efficient, and now
they’re starting to realize they've for-
gotten the customer. I mean, Greenwald
of United standing up and saying, ‘We
shouldn’t be talking about United’s
friendly skies’ — their slogan for 30
years. He’s right!”
□ ‘
The most important factors in choos-
ing an airline are a convenient schedule
and a reputation for safety, closely fol-
lowed by on-time performance, comfort
and legroom and efficient check-in. ac-
cording to the OAG Business Lifestyle
Survey 1997. The survey looks- at at-
titudes and behavior among 5.250 fre-
quent travelers in Britain, the United
States. Japan, Italy, France. Singapore,
Germany, Australia and Hong Kong.
“Cheapest available fare” ranked
only ninth in factors influencing choice
of airline, after frequent-flier programs,
friendty/helpful cabin staff, ana advance
seat selection. Forty-four percent of re-
spondents traveled in economy on their
most recent trip, a slight increase from
1996. The more they travel, the more they
want frequent-flier awards and access to
lounges in preference to a cheap ticket.
North America is the most popular
business destination, especially with the
French (60 percent) and British (58 per-
cent). Around 45 percent of travelers
from America and Asia Pacific have
visited Europe in the last 12 months.
Among Europeans, Germans are -the
most frequent visitors to Asia;. -the
French travel most to Africa; the British
make most trips to Australia, while Itali-
ans travel the most to Central and South
America and the Middle East.
TMi HIGHLIGHTS Ian Wheeler, market-
ing director, Europe. Middle East and
Africa for OAG, says: “I think there are
four highlights: First is that travelers are
saying time and time again that time —
convenience of schedule — dictates how
and when they fly, despite all the airline
hype about in-flight cuisine and enter-
tainment
“Second is the truth behind the myth
that the typical business traveler is a
young high-flier with a large multina-
tional. They are much older than die
young, dynamic people you see in die ads
— especially Americans, half of them
over 55 — who spend a considerable part
of their working life traveling and work-
ing quite hard.
“Third is the use of technology - — the
first time we've asked this question.
Nearly a quarter of travelers nave ac-
cessed the Internet but only 4 percent
have used it to book travel — .mostly
Americans and Japanese. There’s po-
tential there, but it’s not as immediate as
a lot of people are saying.
“And fourth, differences in cultural
traits, which make fascinating ' reading.
I’m always surprised that there are so
many differences despite die fact that
business travelers lead such similar
working lives. The big differences are
things that people prioritize when they’re
traveling. The French like comfort, food
and drink during the flight, plent y of
legroom, and are very conscious of FFP
status and perks; the British are especially
fond of die airport loun ge, and Americans
are most avid for FFP miles.’ ’
A common sentiment: Business trav-
elers will do almost anything on a plane
— sleep, read, work, eat, listen to music
— as long as they don’t have to talk to
the person sitting next to them.
OD TRAVEL DEALS
AIR CANADA
' i
Britain to Canada
Aeroplan members traveling in business class or full-fare economy earn
triple or 25*000 mjles — whichever is greater— on any round-trip between
London and Canada. For travel until Aug. 31.
AIR CHINA
London to.Beffng
Round-trip ecorfemy'fere' costs £399 ($650) for travel during July. Some
restrictions apply.
AIR UK
Europe
Special round-trip fare of £59 ($95) for passengers traveling on the first
morning flights to Amsterdam, Edinburgh end Rotterdam from England. No
minimum stay; return any time subject to availability.
ELAL
• i
i
France to Israel
Second ticket half price on round-trip economy flights from Paris to Tel Aviv
or Bat Certain conditions appJy From June 26 to July 23.
i
!
London to Paris
•{
■Premium First, which matches the pries of a full-fere business-class air
ticket of £370 ($605), includes taxf transfers at Waterloo and Gare du Nord
to city-center addresses, meals with champagne and wine, and access to
lounges in London and Paris. Tickets are interchangeable with British
Midland business-class flights.
GULF AIR
Britain
to Midcfie East
Four promotion options, for travel from London Heathrow to Doha. Abu
Dhabi, Bahrain or Muscat automatic upgrade to next class when you pay
the full economy or business-class fare; pay the single full fare In economy,
business or first class for a free return leg; two-tor-one in economy, business
or first class; special round-trip economy fares from £399 ($650). Travel
must start before July 15.
RIAIR
RIGA AIRLINES
London
to Riga, Latvia
Passenger paying a round-trip economy fare of £550 ($900) will be
upgraded to business class at check-in (subject to availability).
TRANS A VIA
AIRLINES
Nice to
\ Amsterdam
Round-trip fare of 1 .485 francs ($255) — plus 10 percent discount for over
60s.-
CHELSEA HOTEL
London
“London Event-Package" for £85 ($138) per person for a one-night stay in
double room includes English breakfast two-course evening meaJ and taxi
to your choice of event in the West End. Until Aug. 31 .
THE CLARENCE
' Dublin
Summer package for 432 Irish punts ($645) for two people includes two
nights’ accommodation, Irish breakfast, one dinner at the hotel, and a
guided pub tour. Until Oct 31. .
KOWLOON HOTEL
Hong Kong
. Singles from 1 ,300 Hong Kong dollars ($168) per night indudes American
breakfast Internet and E-mail access and fax machine, late check-out until
6 P.M. Until SepL 15.-
Although tho IHT carahdy chocks these offers. please be forewarned tfut some travel agents may Be unman ot them. or unable to book them.
MOVIE GUIDE
Trial and Error
Directed hy Jonathan Lynn. U.S.
Nobody who hires Michael Richards to
play a fight scene should ever have to
worry about finding anyone to hit him.
Richards, the rubber-limbed not-so-
secret weapon of “Seinfeld," can do the
job hilariously all by himself. One brief,
priceless bit in "Trial and Error” Finds
him auditioning for a mobster’s role and
flopping all over the scenery, taking a
merciless beating with no assailant in
sight. He’s supposed to be playing a
ridiculously bad actor and he rises most
avidly to that challenge. Richards teams
up wittily .with Jeff Daniels in “Trial
and Error.” a comedy that’s'much fresh-
er and sunnier than it has any real right to
be. Jonathan Lynn, the director of “My
Cousin Vinny.” has essentially made
the same film all over again in a different
setting', but the formula still works.
Once again a faker is forced to play a
lawyer, this rime in panoramically beau-
tiful Nevada instead of the sleepy South.
Lynn, a clever English filmmaker with a*
gently satirical eye for arch-Americana,
knows just how to make the lone
tumbleweed blow across the road in this
cowboy town. “Trial and Error” works
best when simply unleashing its mad-
ness on the legal system.' Austin
Pendleton as the gimlet-eyed judge and
Rip Tom as an old reprobate help bring
this travesty of justice to zany heights in
a couple of sustained testimony scenes
iToro has a th rillin gly shameless mono-
logue). As an expert witness who ear-
nestly explains why Twinkies resemble
cocaine. Dale Dye has a brief but scene-
stealing role. (Janet Mastin, NYT)
Underworld
Directed hy Roger Christian. U.S.
This is a very strange bunch of crim-
inals. They have the eyes of hardened
men. they kill with deliberate casual-
ness and they are all huge fans of Broad
way musicals. When Johnny Crown
(Denis Leary), praising Rodgers and
Hammers rein while pouring Cham-
ARTS GUIDE
BELGIUM
Brussels
Palais des Beaux-Arts, tel: (Z)
507-8466. dosed Mondays. To
Aug. 17: "Alberto Burri." His ex-
perience as a prisoner of war In
Texas had a strong Influence on
the Italian artist (1915-1995). in-
spiring the use of tom sacking, tar.
burnt wood and plastic in his work.
The exhibition brings together 1 GO
items.
BRITAI
London
European Academy & The Ao-
cademia Italians, tel: (171) 235-
03-03. open daily. To July 20:
•'Serenresima: The Arts of Fashion
in Venice from the 13th to the iSth
Century.” Traces the Venetian
fashion industry from carnival cos-
tumes. ornate fabrics and ac-
cessories. to tools ol the trade
Also in the show, paintings and
pnnts. including works by Retro
Longhi (1702-17851. illustrate
Venetian life and manners.
FINLAND
HSLSINW
Museum of Foreign Art,
Sinebrychoff. tel: (0) 17-33-61.
dosed Tuesdays. To Aug. 17: "The
Hans Bel Inter's "Le Cha-
peau-Mains " in Paris.
Rose Madonna and Other Mas-
terpieces from Utrecht." In the 16th
and i7rh centuries. Ulrecht
provided a fertile ground lor the
development of religious art as ex-
emplified here by Jan van Scorers
“Madonna.” Also includes works
by Dirck van Baburen. Gerard van
Honthoref and Jan Weenrx.
■ FRANCE ~
Paris
Fandation Cartier pour TArt
Contemporain, tel: 01-42-18-56-
50 dosed Mondays. To Nov. 2:
■ Amours “ The expression of love
as depicted in drawings, paintings,
videos and sculptures. Features
works by Brancusi. Ingres. Wat-
teau. Rodin, photographs by Bras-
sai and Mapplethorpe, and (rim ex-
cerpts.
Grand Patois, tel: 01-44-13-17-
17. dosed Mondays. Continuing/
To July 14: "PansiBnixelles -
Broxelles/Pans." The confronta-
tion between Belgian and French
art in the second part of the 19th
century.
Musee-Galerie de to Selta, tel:
01-45-56-60-17. closed Mondays.
To June 14: "Bellmer Graveur." A
member ol the Surrealist move-
ment. the. German artist (1902-
1975) became notorious for the
eroflosm of his drawings. The ex-
hibition features 60 drypolnts dat-
ing from the 1 960s and 70s.
B GERMANY
Berlin
Martin-Gropius-Bau, tel: (30)
254-86108. open daily. Conti rw-
ingfTo July 27: “The Age ol Mod-
ernism: Art in the 20th Century."
More than 300 works by 150
artists.
Bonn
Rheinisches Landesmuseum,
tel: (228) 72341 . dosed Mondays.
To Aug. 24: "Und Sie Haben
Deutschland Veriassen .. Mussen:
Fotogralen und Ihre Bilder: 1928-
1997.” Documents the lives and
works of the German photograph-
ers — including some who fell into
oblivion — who had to leave Nazi
Germany. More than 400 photo-
graphs are exhibited.
■ I T A IT
Bologna
Galleria d'Arte Modems, tel: (51)
50-28-59. closed Mondays. To
Sept. 7: “Baselitz." Works by the
German artist (bom 1938). a lead-
ing artist tn the Neo-Expressionst
movement, and best known for
painting faces upside down.
Florence
Forte di Belvedere, tel: (55) 234-
24-25. To Sept. 30: “Phinip King.”
More than 90 sculptures, drawings
and prints by the Bntish sculptor
(bom 1934} are presented in the
interior galfenes and terraces of
the Fort, located high above
Florence. Celebrated for his inno-
vative use of plastic, fiberglass and
fluorescent colors. King has re-
cently returned to human figures.
■ JAPAN
Tokyo
Bunkamura Museum, tel: (3)
3477-9150. To July 21 Pierre
Bonnard.” 70 paintings by the
French painter (1887-1947).
whose paintings were influenced
by Ait Nouveau and Japanese
pnnts.
Tokyo Metropolitan Art Mu-
seum, 161: (3) 3823-6921. dosed
Mondays Contfnulngfio July 13:
"Louvre: 18th-Century Paintings."
More than 70 paintings by Wat-
teau. Chardin. Boucher and
Fragonard.
■ PORTUGAL
Lisbon
Centro Cultural de BeJem, tel: (1 )
301-9606. open dally. To Aug. 10:
"Donald Judd: Escuftura, Mobili-
ano. Gravura.” Colored metal
* some o( the famous eggs, as well
as enameled caskets, picture
frames and small animal sculp-
tures and flowers.
SWITZERLAND
Geneva
Musee Rath, tel: (22) 31Qr5270,
dosed Mondays. To Sept 7:
"Balthasar Burkhard: Eloge de
i I'Ombre." The exhibition traces the
evolution of the photographer,
from (he large realistic works of (he
1960s. to his fragmentary explor-
ation of the human body, the Jap-
anese Influence and the late pho-
tographs of animals.
UNITED STAT E S
Derail of Derain's "La
Dansa in Barcelona. .
sculptures dating from the 1960s.
pieces of furniture and engravings
on Japanese paper by the Amer-
ican Minimalist artist (1928-1994).
■ SPAIN
Barcelona
Museu Picasso, tel: (3)319-6310.
dosed Mondays. Contfnuing/To
June 29: "Andre Derain. 1904-
1912." The latest in a senes of
exhibitions devoted to artists who
were influenced by Picasso, it
brings together 60 paintings,
sculptures and drawings created
during the years of a great friend-
ship between the two artists.
M SWEDEN
Stockholm
Natl an at museum, tel: (8) 866-
4250, dosed Mondays. To Oct. 1 9:
"Cart Faberge: Goldsmith to the
Tsars " Cart Faberge was jeweler
and goldsmith to the czar tn the last
decades of the Empire, and had
workshops in SL Petersburg and
Moscow. The exhibition indudes
Houston
Museum of Fine Arts, tel: (713)
639-7300. dosed Mondays. To Ju-
ly 20: "Portrait of a Decade: David
Alfaro Siqueiros." More than 70
paintings, watercoiors. woodcuts
and lithographs by the Mexican
artist, muraltsl and political activist
(1896-1974).
CLOSING SOON
June 8: “The Berlin of George
Grosz: Drawings, Watercolours
and Prints, 1912-1930." Royal
Academy of Arts, London.
June 8: "Hogarth The Painter A
Celebration of the Tercentenary of
his Birth" and 'Turner's Watercol-
our Explorations 1 810-1842." Tate
Gallery, London.
June 8; "August Sander In Pho-
tography There Are No Unex-
plained Shadows." National Por-
trait Gallery, London.
June 9: “Le Miroir Noir Picasso.
Sources Phoiographiquas."
Musee Picasso, Paris.
June 6: “Pouchkine Chez Balzac."
Malson de Balzac, Paris.
June 8: "The Early Mondrian."
Kunsthal, Rotterdam.
June 8: "Max Beckmann: Retro-
spective." Fundaeio Juan March,
Madrid.
June 8: “Art/Fashion." Guggen-
heim Museum SoHo, New York.
June 8: “Man Ray. Retrospective ."
Musee d*Art Mode me et cTArt
Contemporain, Nice.
i < 'fjetyffier <
Ccofc dc Cfa.drtmomtf
. ENDEZ-VOUS WITH A VINTNER
Choking demonstration and urine tooting
Chateau de Noset . Potully-FuMoi
Tuesday, June 17: 7:00-10:00 p.m.
For reservations, telephone : 01 43 16 30 50
pagne, begins to sing “Anything You
Can Do,” Frank Gavilan (Joe
Mantegna) knows that’s an Irving Ber-
lin number instead and says so. When
Johnny mentions having played the
Mitzi Gaynor role in “South Pacific’ ’ in
prison, Ned Lynch (Larry Bishop) says
“Nellie Forbush’ ’ and nods, impressed.
Well, Gaynpr was only in die film ver-
sion, but you get the idea. Yet “Un-
derworld," the new film that these char-
acters inhabit, is not a comedy. It’s a
bloody, ultra violent, profane psycho-
logical thriller that is probably trying to
be “Pulp Fiction” and in the attempt
proves just how brilliant “Pulp Fic-
tion’ ’ was. John Travolta and Samuel L.
Jackson made Quentin Tarantino's pre-
crime banter about Big Macs and foot
massages look easy, but apparently it
wasn't. “Underworld" contains echoes
of "Unforgiven.” too, and. at the be-
ginning, foe lingering shots of a row of
men being gunned down owe it all to
“Bonnie and Clyde.” Fine actors in the
lead roles struggle to maintain their dig-
nity and to breathe betievability into
these characters, who all talk strangely
alike, and to an admirable degree they
succeed. (Anita Gates. NVT i
BOOKS
LAWYERIAND:
What Lawyers Talk About When
They Talk About Law
By Lawrence Joseph. 225 pages. S22.
Farrar. Straus & Giroux.
Reviewed by Christopher'
Lehmann -H aupt
I N a dictionary of quotations, the very
kindest quote about lawyers comes
from Oscar Wilde: ‘ ‘Lawyers have been
known to wrest from reluctant juries
triumphant verdicts of acquittal for their
clients, even when those clients, as often
happens, were’ clearly and unmistakably
innocent.” So you brace yourself for foe
worst as you pick up Lawrence Joseph’s
new book, “Lawyeriand: What Lawyers
Talk About When They Talk About
Law."
Joseph, who is himself a lawyer as
well as a published poet (“Shouting ac
No One,” “Curriculum Vitae,” “Be-
fore Our Eyes”), apparently believes
that lawyers behave among themselves
differently from foe way they do with
people outside their profession. So he set
out to meet in downtown Manhattan
with as many different types of lawyers
as he could find — : corporate, criminal;
labor, personal injury, medical malprac-
tice and so forth — to get diem to talk
openly about their profession.
Out of foe resulting conversations he
has fashioned eight nonfiction pieces in
foe form of short stories, with “foe
names, circumstances and characterist-
ics of the persons and places portrayed’ ’
in foe pieces “changed.” His book is
“tnithniJ rather than factual,” he con-
cludes, quoting Joseph Mirchell, “but
solidly based on facts.”
Sure enough, some of the talk does not
reflea well on lawyers. A young as-
sociate, wondering out loud why she
wandered into a profession she dislikes,
remarks. “No one hates lawyers to foe
extent that they want their child not to be
one.” A federal judge says: “Lawyers
know too much. If you know too much,
how don’t you lie?”
A specialist in defending personal-
injury suits recalls “that psychotic who
killed those people on foe Long Island
Rail Road,” “the psycho who tried his
own case," and reports, “One of foe
bailiffs — someone like that — said he
wasn't all that bad, that in fact he was
belter in foe courtroom than many, if not
most of foe lawyers he sees.”
“Lawyeriand” is by no means un-
relievedly negative. Joseph is good at
catching the way people talk and the
details of their mannerisms; many of his
lively characters fairly jump off the
page. Some of them hang themselves
with their indictments — - like foe several
lawyers who condemn theirprofession's
greed and in foe process betray their own
avarice — so that a minus multiplied by
a minus produces a plus.
Others he talks with cut bracingly to
foe heart of their subject, like the med-
ical-malpractice lawyer who blurts this
out about health-maintenance insurance
companies: “The sons of bitches with-
drawing necessary care to save money.
We’re coming up with ways to sue them,
too — we’re going to bring down the
entire make-money-ai-foe-expense-of-
foe-patient boondoggle. The doctors
aren’t goiag to stop it, so we will. ”
And in the book's strongest piece,
called “Ceniere’s Answer,” an argu-
ment between two lawyers on opposite
sides of employer-employee relations is
recorded so skillfully that two opposing
philosophies are subtly but dramatically
revealed.
This piece is so strong that it makes
foe reader feel justified in wanting
“Lawyeriand” to be more than a series
of evocative vignettes. After all, Joseph
is a poet, and therefore ought- to know
how to link his images coherently. Ahd
after ail r by selecting as his epigraph the
quote from the poet Rilke, “Don’t be
confused by surfaces; in the depths
everything becomes law,”, foe author
encourages the reader to look for deeper
connections.
Yet too often the points that “Law-
yeriand” is driving at remain elusive.
“All great problems come from the
streets.” foe federal judge pronounces,
but although Joseph is so impressed with
this remark chat he uses it as the title of
foe piece, he never quite reveals its
meaning. When someone else makes a
point by quoting foe German philoso-
pher Friedrich Schlegel, "Irony is the
awareness of the infinite plenitude of
chaos,” you begin to suspect that your
'leg is being pulled.
And when foe young black lawyer
remarks of “foe Tawana BrawJey
thing,” that “it didn't happen, but it
could have happened, therefore, it
happened,” a degree of vertigo comes
over you.
E VEN more frustrating, foe parts of
tiie essays often don’t seem to fit
together. A piece called “Transaction-
al,” about malpractice lawyers, ends
with a powerful anecdote in which one
of foe lawyers describes how he nearly
came to blows with a hostile shoe sales-
man But what foe story is supposed to
illustrate, other than foe protagonist’s
already established aggressiveness, is
difficult to see.
Elsewhere, foe stories go off on sim-
ilar tangents that at first glance seem to
mean something but on closer exam-
ination don't really make much sense.
Finally, “Lawyeriand” is an un-
evehly provocative book foargoes in and
out of focus and leaves foe reader grop-
ing in a mist. If it is meant to chart an
unfamiliar territory, then it includes too
many tracts marked only with foe warn-
ing, “Here lurk lawyers.”
Christopher Lehmann-Haupt is on the
staff of The New York Times.
B R I DO E
By Alan Jruscott
T HE Old Guard of New
York bridge players has
faded away, and a group of
young upstarts has taken
over. Roy Welland, Christal
Henner-Weliand, Sizabeth
Reich and Brad Moss of Man-
hattan. Lapt Chan of Forest
Hills, Queens, and Jon Heller
of Brooklyn, whose average
age is 33, battled to victory in
foe final of the Reisinger
Knockout Team Champion-
ship. In the 68-year history of
the event, they are apparently
the youngest winners. .
In a semifinal match, the
Welland team eliminated foe
ton-seeded squad.
The winners lest points on
foe diagramed deal when
Welland landed is the sen-
sible- contract of five clubs.
This seems certain to suc-
ceed, looking at all four
hands, but West, sure from
foe bidding that the diamond
ace was about to appear in the
dummy, made foe diabolical
lead of foe diamond nine.
This suggested shortness in
the suit.
Welland could not afford
to finesse, which might result
in foe loss of a diamond trick
and two club tricks, perhaps
through a diamond niff. He
made foe normal play of tak-
ing the diamond ace, cashing
foe spade ace, crossing to foe
heart ace, and playing foe
spade king. He was planning
to discard, both : his rem aining
diamonds, ahd was not
pleased when East ruffed
with the dub ten. He over-
ruffed with the queen and had
plenty to think about. Should
he lead the club king or foe
nine?
Leading foe king will suc-
ceed if West began with a
singleton jack, which would
mean that East has ruffed with
the ten from ace-ten-four but
he might not have done so.
Leading a lower card will suc-
ceed if West began with the
singleton ace, in which case
East has chosen to ruff with
the ten rather than foe jack.
In other situations that
seem to offer a chance, it is-
likely that West will score a
ruff in diamonds: West prob-
. ably began with a singleton or
small doubleton in mat suit.
Thatistrue if East began with
ace-ten doubleton or jack-ten
doubleton. These two situ-
ations do not balance oun ace-
ten is more likely because
East had a choice with jack-
ten. .. .
Welland played foe club
king and 'went down, losing
12 imps since in foe replay
North-South made three no-
trump. His play was slightlv
wrong, although it takes
much analysis to prove it But
West’s brilliant lead gave him
a nasty problem.
NORTH (Dj
* KQ J 73
0 A J83
4 A 103
♦ 4
WEST
♦ 10 9 S 6 4 2
S Q M 7 2
4 K9
*A
EAST
♦ 5
OK96S
087642
* J10 6
SOUTH
.4 A '
04
SQJ3
♦ KQ987532
Both sides were vulnerable. The bid-
ding:
North
East
South
Weal
1*
Pass.
2*
Pass
2b
Pass
3*
Pass
3 MT.
Pass..
Pass
- Pass
3*
Pass
West led (he diamond nine.
PAGE 12
INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
INTERNATIONAL
Russia’s Biggest Wheels Keep Nation Rolling
By Michael Specter
New York 7 Imes Service
MOSCOW — Sergei Sezikh occupies
a special place in Russian society, a place
so central, sacred and essential that life
without him — and thousands of men
like him — would be bard to imagine.
He is not a soldier or police officer. He
does not paint or play piano. He cannot
cook, ana politics bare him. But for 15
years in which cars, engines and the
blessed ability to travel have helped re-
shape Russia and broadened horizons
for millions, Mr. Sezikh has repaired
tires for a living. He used to do it by hand
with strips of rubber, a pot of glue and a
soapy bucket of water. These days a
machine helps.
If that does not seem like a partic-
ularly exalted role in a country racked by
historic change, constant indecision and
increasing hardships, then you have nev-
er broken down on a country lane in the
middle of the Russian steppe, or on a
darkened city street, or in a rami village
that looks like its newest buildings were
put up by serfs in the 18th century.
"People need to move," Mr. Sezikh
said with a shrug, twirling a newly
patched wheel ‘ They can't afford good
tires, they don’t have the rime to fix their
own. I help them get where they need to
go. It’s always been very satisfying."
People used to wait years for the op-
portunity to buy a bad, overpriced Soviet
car. Now they can get them on demand.
They are still constantly in need of re-
pair, though, and even newly manu-
factured cars become old fast here. So
few skills are more honored titan those
required to turn a hissing heap of scrap
metal back into something dial can move
forward without a tow track.
an industry — has become so funda-
mental to the success of Russian trans-
portation.
Mr. Sezikh can sometimes turn over
100 tires in a day, and can earn nearly a
dollar a tire for ms labors.
"I don’t know how I would ever
survive without these places," said
V ifcto riya Avakanra, a 37-year-old
teacher who recently stopped a i Mr.
Sezikh’s place to have her Lada wheel
Tires are die key to the whole system. New tires used to
be rare. Now they are just too expensive. Old tires are
still the only ones most people can afford — and that is
why patching a tire has become an industry.
Russian men appear to have a special
car gene. Rural priests who cannot find
the keys to the church pickup have been
known to hot-wire the thing, and to do it
in less time than it would rake a car thief
in America. Soldiers put tank carbur-
etors back together with tape.
Tires are the key to the whole system.
New tires used to be rare.
Now they are just too expensive. Old
tires are still the only ones most people
can afford. That is why the vulcanization
industry — if you can call patching a tire
whacked back into something that could
be described as a circle. "1 don’t have
any money for anything but gas. I can’t
afford tires. But he can always fix what's
broken."
If there is one thing left to connect this
vast, disparate and inconsistent country,
it may be the tens of thousands of rusty
vulcanization shacks that are spread
across it, the mechanic's equivalent of
first-aid stations.
Charles Goodyear parented the rubber
vulcanization process in 1844, but Rus-
sians have taken it — melting, gluing and
patching a tire — to a level that Good-
year would never have envisioned.
The shacks are everywhere. In
Grozny, during the worst moments of t
any, pi _
die Chechen war, there was always a
$hed in the center of town where you
could take your bullet-pocked car to get
its tires repaired.
But times are taking a toll on the
freelance repair man. Oddly enough, in a
country loaded with men on the make, in
this area the entrepreneur has become
endangered.
It looks these days as if Mr. Sezikh,
and so many like him stationed
throughout Moscow in corrugated tin
shacks, are about to pass into history.
Yuri Luzhkov, the mayor of Moscow,
has decided that wheel repair sheds
should go the way of quaint old markets
and wooden houses, which have been
replaced by breath takingly garish malls
and concrete apartment blocks.
There are dozens of new gas stations
in town these days, looking like they
belong on a turnpike or an autobahn, and
Mr. Luzhkov minks they ought to start
repairing cars.
"It would be the end of us, of
course, " Mr. Sezikh said. “We couldn't
compete with chains of gas stations of-
fering free service. I just hope they know
Iw v* WkW. ■
Sergei Sezikh siting rime out from repairing tires in a shop in Moscow. .
what they are doing. Because not every-
body does.”
Would Mr. Sezikh and his colleagues
ever consider working for one of the
g leaming new stations that have started
to appear throughout Moscow and other
major cities?
•* ‘No way,’ ’ he said, with a curt shake
of the head. "It’s not service there.
People are in one minute and out the
next. There is no pride in that No feeling
of satisfaction.*’ !
So what will he do if he is forced from
his tin box in tire middle of Moscow? !
“I don’t know," he said smiling
“Maybe I’ll get a job at McDonald’s. ;
In Test of ‘Asian Values , 5
China and Unesco Clash
Over Freedom of Press
By Barry James
International Herald Tribune
PARIS — A war is raging between
"Asian values" and Western standards
of press freedom at Unesco headquarters
here after the United Nations' cultural
organization gave a prize to an im-
prisoned Chinese journalist
Furious, the Chinese government is
insisting that such prizes should not be
allowed where it would “contravene the
laws of the member state of which the
nominee is a national."
But for Federico Mayor, the director-
general of the LIN Educational, Scientif-
ic and Cultural Organization, the issue is
an important matter of principle. He is
KOREA:
Kim ’s Son Is Indicted
Continued from Page 1
Of those, 58 were arrested and 365 were
being questioned. The others were re-
leased. the police said Thursday.
A militant student group that supports
the Stalinist regime in the North handed
over to the authorities four students it
said witnessed the fatal beating of a man
suspected of being a police informer, a
police official said.
Despite the turmoil, the indictment of
Kim Hyun Chul still failed to address a
key opposition claim, that S17 million
the son kept in secret bank accounts was
left over from his father's campaign five
years ago.
Shim Jae Ryun. the senior prosecutor,
said investigators suspected that most of
the money consisted of funds left over
from a nationwide youth organization
the president's son had run to help his
father’s election.
The opposition stepped up its demand
that the president reveal the truth about
his election funds.
A spokesman for the National Con-
gress for New Politics urged the pros-
ecution to reveal the scale and source of
Kim Young Sam's campaign fending. He
reiterated the opposition's demand that
Parliament investigate the election fend-
ing and call the president to a hearing.
The president's political difficulties
began in January when Hanbo Steel In-
dustry' Co., the nation's No. 2 steel-
maker. collapsed after piling up $6 bil-
lion in debt.
On Monday. 1 1 people, including the
owner of the steel firm, a former cabinet
minister and other associates of the pres-
ident, were sentenced For embezzling
company fends or exchanging bribes for
improper bank loans. Thursday, all but
one appealed their sentences.
The mayor of Pusan. South Korea's
second largest city, and seven other
politicians await trial on charges of rak-
ing bribes from Hanbo.
(AP. AFP Reiners)
standing by the decision to award die
prize to Gao Yu, a Chinese journalist
who is serving a six-year sentence for
what China says was the crime of re-
vealing state secrets.
Mr. Mayor has struggled for the past
decade to rescue Unesco from the
policies of his predecessor, Amadou-
MahtarM’Bow, whose attempt to impose
a "new world information order" gave
the organization a reputation fra- cen-
sorship that has been hard to shake off.
Last month, Mr. Mayor went to Bil-
bao. Spain, to present the World Press
Freedom Prize at the congress of the
International Federation of Journalists.
In response, the Chinese government
sent an unusually strong protest to Mr.
Mayor last week, saying that giving the
prize to Miss Gao “has grossly interfered
in the internal affairs of China and hurt
the feelings of the Chinese people."
China says it will force the issue to a
debate and vote at a meeting of Unesco’s
governing Executive Board on Wed-
nesday.
China insists that it is in favor of press
freedom. It said it supported the es-
tablishment of the World Press Freedom
Prize, which was set up in memory of the
Colombian journalist Guillermo Cano
Isaza, who was murdered by drag traf-
fickers.
But China’s delegate to Unesco.
Zhang Chongli, said that Mr. Mayor had
acted wrongly by awarding of the prize
without approval from the Executive
Board. Mr. Mayor had committed "a
grave error, both politically and pro-
ceduraliy." Mr. Zhang said.
Mr. Zhang attacked Mr. Mayor for
failure to pay "due regard to the di-
versity of different social and cultural
conditions of the world," a typical ar-
gument used to justify the defense of
"Asian values.”
Mr. Zhang said Unesco was acting
beyond its competence, "as if it were
entitled to make judgment over issues
which in some cases are highly political
and sensitive and are entirely within the
domestic jurisdictions of its member
states.”
The Chinese government sent a blis-
tering protest to the Unesco Secretariat,
canceling a planned speech by its edu-
cation minister at <he Executive Board
meeting and breaking off a number of
collaborative projects.
Mr. Mayor replied that the Unesco
Secretariat’ was impartial in the award-
ing of the prize, which was decided by a
panel of 15 independent journalists and
editors headed by Claude Moisy. a
former head of Agence Franee-Presse,
and two members of the Cano Foun-
dation in Colombia.
Miss Gao remains in prison, serving a
six -year sentence passed in 1993. Iron-
ically. the charges against her are be-
lieved to stem from articles about gov-
ernment changes she wrote in the Hong
Kong-based Mirror Monthly, a Chinese-
language magazine that rakes a pro-
Beijing stance.
IRELAND: Spring May Be Kingmaker
HtiArflkr -Wioiinl IW
Prime Minister John Bruton campaigning on Thursday in a Dublin pub.
Continued from Page 1
Mr. Spring^ 46, is a tall, slender, soft-
spoken former international rugby star
and onetime Manh attan bartender. If he
is part of another coalition, it would
mean that he would, as deputy prime
minister, be the country’s No. 2 official
for the fourth time.
He would have tittle prospect, be-
cause his own party is too smaU, of ever
becoming prime minister, a job even his
political enemies acknowledge he could
Handle well.
Campaigning recently here in
Moyvan, surrounded by green pastures
and dairy farms, Mr. Spring moved
quickly in a white dress shirt, sleeves
still buttoned at the cuffs, in the midday
sun, a tight breeze carrying tire scents of
animal fertilizer and newly cut grass,
some of it just mowed by Mr. Spring
helping people with their, lawns.
tii 1987, Mr. Spring, who has been in
Parliament for 14 years, won a seat here
in northern County Kerry by only four
votes, as many voters felt he had been
spending too much time in Dublin, Lon-
don. Brussels and New York, where 22
years ago he. was a bartender and met his
wife, Kristi, an American.
Mr. Spring matte brief leaflet-spread-
ing visits in Moyvan to Brosan’s Bar,
Stack’s Family Butcher, Molly’s Food
Store and Betty O’Connor’s Food Store,
where the proprietor said: "I’ve a big
picture of his father, cut from a news-
paper. folded away for 25 years. I will be
voting for him.”
Mr. Spring’s father, Dan, headed the
Labour Party for decades. So far. Dick
seemed to be the unanimous choice of
GENERAL: Pentagon Draws a Line 9 in Its Pursuit of Sex Cases
Continued from Page I
qualify him from consideration.
"I understand this puts me in a very
difficult position, but that’s part of the
job. This is a drawing of a line. This is a
case where I think the rale of reason has
to apply and that we must draw dis-
tinctions where there are some human
errors that occur, weigh them against
individuals’ performance."
The secretary said he had asked Gen-
eral Ralston if he had had any other
affairs while in the military, and die gen- ' in a statement that he had deriderf to
eral assured Mr. Cohen that he had not. retire early after it had been disclosed
ALGERIA: Turnout Is Put at Over 56%
Mr. Cohen’s decision is likely to draw
protests from critics who say he is failing
to consistently apply the military's own
rules against sexual misconduct.
In a widely followed case that ended
late last month, the air force gave a
general discharge to First Lieuteoant
Kelly Flinn, who had been scheduled to
face court-martial on charges of adultery
and disobeying orders.
On Tuesday, the commanding general
of the scandal -plagued Aberdeen Prov-
ing Ground in Maryland acknowledged
Continued from Page 1
battle fatigues stationed at checkpoints
throughout the city. Parking has been
banned in central Algiers as protection
against bombs that have killed more than
20 people here over the last week
The election followed a boisterous
campaign in which rallies by opposition
parties drew tens of thousands of par-
ticipants. More titan 7,000 candidates
from 39 parties are competing for the 380
seats, but the two front-runners are
thought to be the pro-government Na-
tional Democratic Rally and the Islamist-
oriented Movement for a Peaceful So-
ciety. Several smaller parties have at-
tracted wide support with calk far dia-
logue with the Islamic Salvation Front.
The prospect of a shift from one-party
rale, however gradual, has stirred hopes
among many Algerians that the election
could prove to be a modest first step
toward greater political openness in (heir
country. Many also appeared to consider
their participation in the election as a
vote against extremist violence.
"Let’s put it this way, this is a first
step towards ending violence,” said a
bearded man who gave his name only as
Mohammed. "Obviously we’II have a
Parliament with all political currents ex-
pressed in it, and whether we like it or
not. this Islamic current exists."
HONG KONG: Territory’s Business Elite Urge Washington Policy Makers: Don ’t Rock the Economic Boat
Continued from Page 1
House or Congress will ultimately punish the
Chinese if Hong Kong's autonomy and civil liber-
ties are trampled.
“My message is simple." Deputy Treasury Sec-
retary Lawrence Summers said in Hong Kong re-
cently. "There
freedom and freedom
"The free flow of information, the ability
people to remain free, to enter into transactions, to
speak out: these areal! the essential elements of free
markets and a strong financial system." he said.
To Americans doing business in Hong Kong.
Mr. Summers is even more direct, cautiomn
about the risks of becoming apologists for the
Chinese or the new Beijing-appointed Hong Kong
government.
* * If the two systems are going to merge.’ ' he said,
"it is in everyone's interest that China become more
like Hong Kong than the other way around.”
But it is far from clear that the message is
winning converts in Hong Kong. And in Wash-
ington. what was once a clear policy to treat Hong
Kong as a completely autonomous entity, even
afierBeijfag takes control . has been muddied by the
debate about relations with China.
In a nonbinding resolution passed overwhelm- "harm Hong Kong in the of helping it."
ingly this spring. Congress threatened to put huge As a matter of both law and official policy,
sanctions on Hong Kong exports if China were to Washington’s stance toward Hong Kon® after the
crack down on civil rights. transition is to treat it as a separate entity from
Phinu kuilrlinn An * - -« *L_
favored nation" trading status, an annual exercise
that this year could turn into a tough fight. He linked
the matter to China’s handling of the handover.
Mr. Helms declared that it was foolish to treat
Hong Kong as a separate entity if the Chinese will
not, and argued that China has already reneged on
promises to keep Hong Kong’s political
freedoms.
Treasury Secretary Robert Rubin was expected
to respond Thursday by telling American exec-
utives who have pressed for permanent trade status
for China that revoking the trade status would
se
the World Trade Organization in Geneva, inferi-
ating Chinese officials, who say it is an outrage that
the territory belongs to the organization while
China is in a tense negotiation to enter. None-
theless, Hong Kong officials insist that they, not
Beijing, will decide how to vote within the or-
ganization.
Politically, the Clinton administration's strategy
before the transition is to repeat Mr. Summers’s
argument that China cannot reap the financial ben-
efits of a booming Hong Kong unless the city
that be had had a “relationship with a
civilian” while he was separated from
his wife five years ago.
Mr. Cohen and his aides tried to dis-
tinguish the case of the army officer.
Major General John Longbouser, from
General Ralston's by noting that Gen-
eral Longhouser had been involved with
a woman who was an array civilian
employee.
Mr. Cohen’s more immediate concern
may be 4 rising panic within the mil-
itary's senior ranks that the Pentagon’s
effort to stamp out sexual misconduct
was becoming a witchhunt On Tuesday,
Mr. Cohen said, "There may come .a
point at which this goes too far. "
But it will just as surely bring ac-
cusations that Mr. Cohen has muddied
the already murky waters of military
justice by establishing a double stan-
dard, with one set of rules for the
highest-ranking officers and another, far
more puritanical set of rales for anyone
below them in the chain of command.
“I think Americans will find this per-
plexing, that we’re willing to forgive
people at the p inna cle of the pyramid
while we’re not willing to forgive those
lower down in the pyramid," said Eu-
gene FideU, president of the National
Institute of Military Justice.
“These cases illustrate the slippery
slope," he said. “The public's sense of
justice is not satisfied when you see
divergent outcomes from cases that in
important respects seem to be similar.' *
remains a place of open dissent and corruption-free
courts.
"We are simply trying to make the point that if
Within days, dial strategy was bitterly criticized VA
by all sides in Hong Kon fc from pro-Beijing ex- doctrine of "one country. Sro systems.” S SouTfeJ °&S
mmves to democracy advocates and Governor But carrying out that policy creates anomalies, independence movement fa Taiwan
is no firewall between economic Chris Patten, who said it would "deprive Hong Hong Kong will continue to have a separate textile Western diplomat fa Hone Kone i LSI?
;dom in its many other dimensions. Kong of its livelihood at the moment it most needs quota from China’s, even though Chinese man- “These are all subjects rtepnt „
>w of information, the ability of support." ufacturers have cheated on those quotas for years mosphere for investors ” P y aIteCt ® e **"
Since then, congressional leaders have backed by placing Hong Kong labels fa Chinese-made So far there are reackne t* .
away from that strategy. But Tuesday, Senator Jesse goods. _^o rax, mere are reasons to question whether the
Helms, the North Carolina Republican who heads the The Commerce Department will continue to Kong, many of the Ho J lg
Kong. Foreign Relations Committee, opened a new front: keep separate trade statistics for the territory, rather nlavers dismissed rW IJL ^ market
Sthem He introduced a resolution to deny China “most than lut^Hong Kong's trade with HX
c -- Hrag Kong wUicomtaw to have feow. v 0le «, Kes
The vast lobbying campaign that the city’s rich
and powerful have waged in Washington was
prompted by the fear that Congress will feel com-
pel* 1 to do something, egged on by prominent
leaders of the Hong Kong opposition like Mr. Lee.
You want to know what would be a good
Apamao policy toward Hong Kong?’ ’ asked Ron-
nie Chan, one of the most outspoken of the Amer-
ican-educated members of the territory ’s elite lead-
campaign. "This may sound
simplistic, but try it Leave us alone "
the people. Then, he arrived on fee door-
step of Philip Kiley. First, Mr. Kiley >.
asked him to help with funds for a work-
shop for handicapped children. Mr.
Spring took a paper from him and said he '
would look into it. But Mr. Kiley was not ■
finished. * Tell me ‘yes or no.’ just ‘yes *
or no/ whether you are for a referendum !
on abortion," he said.
The abortion issue has been inter-!
jeered by the Pro-Life Campaign de-
manding a third national referendum to!
prohibit abortion, now legal in Ireland
only where a pregnancy threatens a|
woman's life, but still illegal fa cases of
rape and incest
“I abhor abortion, personally," Mr.
Spring said. But he added that the issue
should be handled by parliamentary le-!
gislation, not by a referendum, because 1
the two previous referendums left gaps!
in die law, susceptible to Supreme Court
interpretation, and a thud one was likely ;
to do the same. Mr. Spring said not many
people asked him about abortion, and
this seemed confirmed as he walked,
on.
Cattle farmers are concerned about!
the economic effect of “mad cow" dis-
ease. Most people seem concerned about ;
the economy, unemployment, particu-
larly long-term unemployment. Of the;
250.000 unemployed people in the court- !
try, about 130,000 have been out of work
for more than a year, giving Ireland one
of the highest rates in the European'
Union.
Still, many people say that fa the
matter of public spending, the govern-
ment has been rather flaithiuil (fla-.
HOO-la), the Gaelic word for gener-
ous.
BRIEFLY
Rebels Won’t Quit
In Sierra Leone
FREETOWN, Sierra Leone —
Siena Leone coup leaders told Ni-
gerian negotiators Thursday that
they refused to jeopardize die new
alliance between the army and rebels
by restoring the ousted civilian gov-
ernment of Ahmad Tejan Kabbah.
“We are not prepared to band
over to former President Kabbah,"
said Brigadier Samuel Koromah,
chief of Sierra Leone's military
staff. “If President Kabbah takes
over again, he will jeopardize the
peace thai we have been able to
achieve with the RUF rebels."
Brigadier Koromah said he had
been unable to reach any agreement
with a delegation sent by the Ni-
gerian military leader. General Sani
Abac ha, which arrived Wednes-
day. (Reuters)
Top Legal Official
Quits in Palestine
GAZA — Khaled Qidra, 62, the
attorney general of Palestine,
resigned Thursday as the top legal
official in Yasser Arafat’s govern-
ment, citing health reasons. “I
asked President Arafat to relieve
me of ray duties because I am tired,
and he accepted,’ * Mr. Qidra said.
Mr. Qidra said his resignation
was due to “health problems" and
had “no connection whatsoever’’
‘ to controversy surrounding a series
of recent murders of Arab real-es-
tate dealers accused of selling land
fa die West Rank and East Jeru-
salem to Jews. (AFP)
Brazilian Can Run
BRASILIA — Brazil’s Senate
has passed a constitutional amend-
ment allowing elected officials to
run for consecutive terms, opening
the door for President Fernando
Hennque Cardoso to seek re-elec-
tion next year. (AP)
Banzer Makes Deal
LA PAZ — Hugo Banzer, 71,
has assured himself of becoming
Bolivia’s democratically elected
president in August after signing a
pact with two other parties. Mr.
Banzer, of the Nationalist Demo-
cratic Action Party, placed first in
elections Sunday. (Reuters)
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BUSINESS/FINANCE
Top Until i >il"' iul
Ouih in Uh^’
FRIDAY, JUNE 6, 1997
PAGE 13
A New Egg
On the Face IfiS&Sr
Of Big Mac
Burger-Sale Fiasco
Mis Only a Symptom
By Bamaby J. Feder
Ww Port Times Service
C hicago — There is no
such t hing as a quiet, dig-
nified stumble for America’s
best-known corporate gi-
ants. International Business Machines
Coro, was pilloried as the computer
market moved - beyond the main-
frames that powered h to greatness.
General Motors Corp. was humbled
when the full-sized cars that made it
the world’s largest auto company be-
came also-rans in a sea of imports.
These days, it is McDonald’ s Corp.
that is being scrutinized as it loses
ground to rivals whose products con-
sumers prefer. The latest embarrass-
ment; its retreat from a promotional
campaign for 55-cent hamburgers that
failed to lift sales.
The setback is not expected to lead
to any major reorganization at Mc-
Donald’s, which by many measures is
still enjoying a degree of success that
other companies can only aspire to.
Sales and earnings hit record levels
again last year, as they have every
year since die company was founded
m 1955, and the McDonald’s brand
passed Coca-Cola to become the most
powerful in the world, according to
Inter brand Group, a consulting firm
with offices in New York and London.
McDonald’s expects record sales
again thift year.
But those trends reflect develop-
ments overseas, where McDonald' s is
expanding rapidly. In ■ the United
States, expansion is slowing. Sales at
McDonald's stores in America that
had been open for mare than a year
sagged from the middle of 1995 until
the end of last year, bounced up in the
first four months of this year, then
tumbled again last month.
Investors and franchisees have be-
come increasingly restive as die com-
pany uncharacteristically lurched into
and out of various product and mar-
keting programs in a quest for a way to
grpw more qnirkly without seriously
harming profit.
The increasing fear is that the com-
pany may be facing a problem that
marketing cannot overcome: that too
many fast-food fans think its burgers
just do not taste as good as the food
sold by competitors, especially
second-ranked Burger King and third-
ranked Wendy’s.
Internal McDonald's documents,
research by rivals and independent sur-
veys have all contributed to the per-
ception that die burgers — from plain
Quarter Pounders to the most elaborate
Big Macs and Arch Deluxes — are not
keeping up with the competition.
How bad has it become? The wildly
popular Happy Meals promotion in
April, when McDonald's gave away
Advice From the
Kitchen
People in the restaurant
business offer their ideas
about what McDonald's
needs to do to restore its
luster.
ALLEN BERNSTEIN
Chief executive of
Morton's and former
executive at Wendy's .
and Hardee's:
Go back to talking
about the quality of
french fries and the
hamburger. They
should emphasize
what they have.
WALTER LE ROY
Owner of Tavern
on the Green:
All the food tastes*
the same, ?■-«?-
whether it's a
Big Mac, a fish fillet or
Chicken McNugget In
making things like the
milk shake lower in fat
they lost some of the
taste.
CLARK WOLF
New York City restaurant consultant
They are trying to do too many
things. The point is the McDonald's
hamburger. They have to go with
their core product
Beanie Babies dolls with children's
burgers, was maned by reports dial
customers in many areas were dumping
the food and keeping the stuffed toy.
During, die company’s' annual
meeting at headquarters in Oak
Brook, Illinois, last month. Randolph
Morse, a shareholder from Texas, told
directors and top executives, “My
three sons now say they want to go
anywhere but McDonald’s.’’
INTERNATIONAL MANAGER
As far the food. Jack Greenberg,
who took over domestic operations last
autumn afier serving as chief financial
officer, said Wednesday that McDon-
ald's was working on improving the
taste of its products but that problems
behind the counter had bran over-
blown by the media, competitors and a
small number of angry franchisees.
Analysts place some of die blame
for the problems at McDonald’s on
marketing blunders dating back sev-
eral years, including a dispute with
Walt Disney Co. that allowed Burger
King, a unit of Grand Metropolitan
PLC, to grab rights to promotions
based on such film hits as “Lion
King” and "Toy Story.”
A 10-year alliance with Disney that
started this year rectified that lapse,
but some critics say the sheer size of
McDonald's and its reliance on home-
grown management have made it so
unwieldy and insular rhat more mis-
takes are likely.
Meanwhile, the company's high
profile has made its every attempt to get
back on track a public event and each
setback a widely reposted — and some-
times exaggerated — humiliation.
That was the case Tuesday when
McDonald's conceded that a six-week-
old discount program based on 55-cent
burgers had confused consumers, cost
franchisees money and done little to
increase lunch and dinner traffic.
“Generally, McDonald’s is very
good at. making complicated things
very simple,”: said Bob Hilarides, a
partner at the Evanston, Illinois, office
of Cannondale Associates, a sales and
marketing consulting company. “This
is one where they missed the mark and
made a simple thing complicated.”
But the greatest challenge for Mc-
Donald's is in regaining customer fa-
vor for its buigers’ taste.
Flavor is a complicated, subjective
matter that cannot be addressed as
easily as, say, speed of service, so the
company’s options are limited.
“With really smart marketing,”
said Jeffrey Omohundro of Wheat
First Butcher Singer, "McDonald’s
might be able to bold their own with
the products they’ve got But in order
to gain anything, they need new
products.”
French Investors See Room for Hope
Shares Rises 2.1% on Signs That Socialists Support the Euro
CaefSn/ I k Ow Stiff Fnvi [hspjhln
PARIS — French stocks surged
Thursday amid optimism that the new
Socialjst-led government was commit-
ted to the single European currency.
Prime Minister Lionel Jospin named
pro-European officials as key ministers
and relegated Communists to minor
posts Wednesday, signaling his gov-
ernment's plans to press ahead with the
new currency, the euro.
The composition of the cabinet re-
lieved concerns that Paris might pursue
costly polices to cut unemployment and
bolster the economy.
The benchmark CAC 40 Index rose
55.48 points, or 2.1 percent, to
2.690.85.
“None of the left-wing dinosaurs are
in the cabinet, which is very good news
for the credibility of the government.”
said Jacques- Antoine Bretteil, a fund
manager with International Capital Ges-
tion in Paris. “Investors feel this gov-
ernment wants the euro and that it will
happen.’ 1
But analysts said the pew cabinet was
unlikely to adhere rigidly to cutting the
budget deficit for 1997 to 3 percent of
gross domestic product, as required by
die Maastricht treaty.
“The talk of strict interpretation of
the Maastricht treaty is a thing of the
past," one Paris-based analyst said.
The new government will face an
early choice on economic policy after
the announcement by the carmaking di-
vision of PSA Peugeot Citroen S A that
it planned to cur 2.8 16 jobs, or around 5
percent of its work force.
Industry analysts said the Socialists
would probably accept some restruc-
turing of France's fragmented and high-
cost car industry but that they would still
be likely to delay the process and add to
the cost.
Meanwhile, a leading Socialist called
for shelving the privatization of France
Telecom. The party secretary, Francois
Hollande, said the national telecommu-
nications company, designated for sale
in a public offering by the previous
government, should not jeopardize its
mission as a public service.
“It fulfills a public-service require-
ment. and it also makes a profit.” he
said on France Inter radio.
Mr. Hollande did say France Tele-
com would have to adapt to its com-
petitive environment. “We are in a
competitive world." he said. “We
know that, and the company has to be
adapted.”
The new government has not yet de-
cided whether to proceed with the pri-
vatization.
But the Socialists campaigned on a
theme that was generally hostile to aus-
terity plans, and analysts said the new
government’s key task would be to find
the money to pay for its promises to cut
unemployment.
There is little evidence that the French
economy is rebounding, as gross do-
mestic product grew- only 0.2 percent in
the first quarter, the same rate as in the
previous quarter, the national statistics
institute Insee said Thursday.
“The figures are not as good as we
expected." said Emmanuel Ferry of
Credit Commercial de France. “They
confirm that the internal motor has not
started.”
But some economists saw hope that
the slowdown was ending.
“While consumer spending was dis-
appointing in the first quarter.** an ana-
lyst ar ABN-AMRO Hoare Govett,
Patrick Lebourdais. said. “April and
May showed real improvement, and we
expect the trend to be confirmed in com-
ing months thanks to a weak automobile
market, which continues to benefit re-
tailers, and a probable rise in household
spending power." (Bloomberg, AFP.
Reuters, Market News)
Italian Bank Unions Agree to Job Cuts
by Our Suff Fmm Disjtain
MILAN — Unions repre-
senting Italy's 330,000 bank
employees reached a prelim-
inary agreement with em-
ployers Thursday that would
remove a job-for-life clause
from workers’ contracts and
allow banks to cut jobs.
The accord is the latest ev-
idence dial European unions
are accepting cuts and
changes in decades-old labor
practices to cope with inter-
national competition. The
Germany chemical workers
union I.G. Chemie reached an
agreement Wednesday al-
lowing employers in financial
difficulty to cut pay.
“This is an important test
to try out a new way of deal-
ing with redundancies,”
Labor Minister Tiziano Treu
said. “If it works well, it
could be tried with other sec-
tors as welL”
Under the agreement, the
two sides would create and
finance a national fund to
help laid-off workers obtain
training and find new jobs.
The two sides would also
strive to bring total labor
costs in die banking industry
into line with those in other
European markets by 200 1 .
The accord could lead to as
many as 30,000 job cuts in the
coming years. Some banks
are already planning large
staff cuts, including Banca di
Roma SpA, which has been
hit by strikes in recent days
because of its plan to shed
4,260 jobs.
Banks that make such cuts
would have to contribute
more to the “solidarity
fund.” Making banks pay for
cats would be a radical de-
parture from current labor
practice in which die govern-
ment pays — as much as 80
percent of laid-off workers'
salaries for about two years.
Banks and unions are con-
tinuing to hammer out details
of the accord. They have 60
days to reach a final agree-
ment.
“The agreement contains a
timetable, and not just good
intentions,” said Roberto
Pinza, undersecretary at the
Treasury Ministry. “It's im-
portant to close the gap be-
tween Italian labor costs and
those of other European
countries.”
In its annual report, the
Italian central bank said,
“Italian banks are marked by
the highest staff costs in re-
lation to margins on ser-
vices.” The report said that in
1 993-95, that ratio was 42 per-
cent in Italy, 38 percent in
Germany. 37 percent in
France and Spain, 35 percent
in Britain and 27 percent in the
United States.
The central bank also has
calculated dial Italian banks
have some of the highest unit
staff costs in Europe. It es-
timated such costs at 111.4
million lire ($65,600) in Italy
in 1 995 , compared with 1 1 2.9
million lire in France, 94.6
million lire in Germany. 86.0
million in Spain and 7 1.1 mil-
lion in Britain.
The Italian Banking Asso-
ciation estimates that banks
need to trim their labor force
by 10 percent in the next few
years to become more com-
petitive and profitable.
Under the current agree-
ment between banks and un-
ions. which expires this year,
banks can fire only workers
who steal or violate ethical
rules, essentially giving bank
employees a job for life. The
contract also makes it difficult
for banks to hire managers
from outside the bank.
“The new contract also
does away with automatic
promotions and wage in-
creases,” Mr. Treu said.
Neither Mr. Treu nor Mr.
Pinza, the Treasury undersec-
retary, would answer ques-
tions about the number of
staff cuts expected.
(Bloomberg, AFP)
On NYSE, ‘1%’ to Be $1.50
The Associated Press
NEW YORK — The New York Stock Exchange
voted Thursday to begin quoting stock prices in decim-
als instead of fractions, a move hailed by the U.S.
Securities and Exchange Commission as a victory for
investors.
The exchange said it planned to begin trading in
decimals “as soon as theessential systems are in place in
the securities industry." The Big Board previously
opposed such a change as unnecessary. As an interim
step, the exchange said it would begin quoting stocks
this month in increments of sixteenths of a dollar instead
of the current system of eighths.
Arthur Levitt Jr., chairman of the commission, called
the action ‘ ‘a bold and welcome step.' ' Other analysts said
the move would save investors money on trading costs.
Germany’s Internet Barriers Face a Court Test
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By Edmund L. Andrews
■Ne»- Tort Tones Service
FRANKFURT— With her
Mohawk haircut oral her act-
ivism in die successor orga-
nization to East Germany’s
Communist Party, Angela
Marquardi has never worried
about provoking controversy.
But on Friday, the uni-
versity student will face a
criminal charge in Berlin that
she once probably assumed
would never be brought again
in Germany after the fall of
the Berlin WalL The charge:
maintaining an Internet
“home page" that provided
an electronic lmk to a leftist
magawTYfli called Radikal.
German authorities.
alarmed by articles that
offered tips on making bombs
and derailing trains, say she
violated government orders
barring access to Radikal.
Ms. Marquardt, 25, says, she
did nothing wrong.
Commercial on-line ser-
vices and Internet access pro-
viders here are up in arms
about efforts by prosecutors
and political leaders to govern
the seemingly ungovernable
reaches of cyberspace. Their
efforts include blocking chil-
dren's access to material that
the state says glorifies vio-
lence, promotes racial hatred
or disrupts morals.
Violent computer games
such as Doom are punishable
under the law, as are World
Wide Web sites that offer Nazi
swastikas and other celebra-
tions of Hitler’s Third Reich.
Last month, prosecutors in
Munich indicted the head of
CompuServe Inc.’s German
subsidiary on charges of aid-
ing in the distribution of por-
nography and violent com-
puter games. CompuServe
had no hand in producing or
promoting the material, but
prosecutors charge thar Ger-
man customers could use its
computer network to -retrieve
it from servers in the United
States and elsewhere.
Now, scores of other in-
dustry executives are warning
that a proposed German law
could put mem in even greater
legal danger and force them to
move their operations to other
countries.
“Would you take a job if
you knew that tomorrow
morning you might be arrested
by the police?" asked Her-
mann Neus, a lobbyist for In-
ternational Business Ma-
chines Corp. in Germany who
is leading efforts by the Amer-
ican Chamber of Commerce
to modify the proposed law.
“Industry has the liberty to
move to Ireland, Denmark
and Holland," Mr. Neus said
“If Germans are not up to
speed, it makes no difference
to the customers."
Legal specialists say the
situation here is just the be-
ginning of a broader 'show-
down match between national
CURRENCY & INTEREST RATES
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June 5 Libfd-Ubor Rates
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governments and the border-
less Internet.
“The Internet created a
universal jurisdiction, so that
once you are on the Internet
you are subject to the laws of
every country in the world”
said Chris Kuner, an Amer-
ican attorney in Frankfurt
who closely follows German
cyberspace issues. “The In-
ternet gives rise to jurisdic-
tional problems that never
happened before."
Interstate gambling, for ex-
ample, is illegal in the United
States but is accessible from
"offshore" computers via
the Internet Illegally copied
computer software, protected
by American copyrights, can
be downloaded anywhere in
the world from a Web site in
Indonesia.
German officials now are
threatening to file charges
against more than a dozen In-
ternet access providers be-
cause they failed to block ac-
cess (0 a Dutch Internet site
called “XS4ALL.”' The
Dutch server carries home
pages for abut 6,000 commer-
cial customers.
After officials in Bonn pres-
sured Internet access providers
to block out “XS4ALL” last
rnenth, defenders of the rice
simply copied die offending
material onto more than 50
“minor" locations.
Germany’s biggest aca-
demic Internet provider nn-
a blockade for 10 days,
gave up and declared a
blockade impossible to en-
force. German prosecutors
have not yet responded to that,
but they decided to proceed
with their charges against Ms.
MarquardL In the next few
weeks, the government hopes
to push through a law interned
to make it more clear who is
legally liable when forbidden
material becomes available
over the Internet.
Martina
Hingis’ Choice
Const*! lation
OMEGA - Swiss made since 1848.
Ofnvyz., flujy Jufitu.
Q
OMEGA
The sign of excellence
PAGE 14
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Source: Bloomberg, Reuters
Inicrrutk'iul HnLl TnhA;
Very briefly:
Dow Jones Plans to Offer Options
• Fisher Scientific International Inc. said it had received an
unsolicited takeover proposal from a Bass family-affiliated
investment fund. The maker of scientific instruments and
supplies didn't disclose terms of the offer.
• Eldorado Gold Corp. said it had agreed to buy two gold
mines and nine exploration properties in Ghana and South
Africa from Gencor Ltd. for S 193.6 million.
• Sara Lee Corp. said it had reached an agreement to merge
its Aris Isotoner unit, which makes gloves and slippers, into a
new joint venture with Totes Inc., the umbrellas and other rain
gear maker. Terms were not disclosed. BU-mherg. afx
AMEX
Thursday’s 3:45 P.M.
Tile top 300 mast active shores.
The Associated Press.
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INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
THE AMERICAS
Is Microsoft’s Modesty False
Technology Stocks
Lead Market Higher
By Lawrence M. Fisher
New York Times Service
NEW YORK — At more than
$120, are Microsoft's shares too
expensive?
Every quarter, in their posf-
eamings conference call with ana-
lysts, Mike Brown, Microsoft
Corp. 's chief financial officer, and
Greg Maffei, the treasurer, sing a
medley of cautions: Growth will
slow: the multiple is too high;
comparisons will be tough.
But almost nobody listens. Of
24 analysts polled by First Call this
quarter, only three rate Microsoft
shares less than a bay.
Last week. Bill Gates, Mi-
crosoft's chairman and chief ex-
ecutive, added his voice to the
chorus. “We always say growth
will slow/* he said in a speech in
Silicon Valley.
“Some of the analysts don’t be-
lieve us," he continued, “but the
day will come when we are right
and they are wrong."
, After those remarks, Microsoft
shares hit a new high of
S 129.0625, then dropped alter In-
tel Coro., the leading maker of
personal-computer chips, said that
its second-quarter earnings would
not meet estimates.
Microsoft was quoted at
$121.25 in late trading Thursday,
up $2.0625. The price equals a
remarkable 46 times 1 the com-
pany's estimated earnings for its
current year of $2.63 a share, giv-
ing the company a market cap-
italization of $144.9 billion.
By comparison, Intel trades at
about 17 times its estimated cur-
rent-year earnings and has a market
capitalization of$ 1 16.7 billion, and
International Business Machines
Corp. trades at 13.5 times earnings
and is capitalized at $82.8 billion.
Perhaps the main reason that Mi-
crosoft shares remain so high is that
every quarter, management's warn-
ings notwithstanding, the company
blows past analysts' estimates.
In its second quarter, for ex-
ample, which ended March 30,
Microsoft 'surprised Wall Sffeet
with an 80 percent rise in earnings
and a 45 percent increase in rev-
enue. Analysts had expected earn-
ings of 64 cents a share: Microsoft
posted 79 cents. _
“I know Greg Maffei and Gates
hims elf think tile stock is over-
priced, but what do they expect?
asked Richard Sherlund, an ana-
lyst with Goldman, Sachs & Co.
“There's a reluctance to be too
cute and get off die stock now and
maybe not be able to get back on
when the numbers come in above
estimates again," he said.
A perennial Microsoft bulk Mr.
beriund retains a buy rating on
the stock but says investors could
be in for an uncomfortable period.
Unless Microsoft ships Memphis
— the code name for tne successor
to its Windows 95 operating sys-
tern — in time to help its profit in
its next financial year, which he
its next financial year, which hi
said now appeared unlikely, earn
ings growth may slow next year.
Telecom Investment Goes Global
NEW YORK (Bloomberg) — Dow Jones & Co. said
investors soon would be able to trade options, futures con-
tracts and a fund based on the most widely watched market
gauge for U.S. stocks, the Dow Jones industrial average.
Buying and selling the contracts will allow traders to
speculate on the direction of the 30-stock Dow industrials and
to protect the value of investments from market swings.
Dow Jones said it had licensed the DJIA for trading with an
exchange-based fund on the American Stock Exchange, for
futures contract trading on the Chicago Board of Trade and for
options trading on the Chicago Board Options Exchange.
Separately, Cramer, BerkowitzA Co. has sold almost all of
its l.I-miilion share stake in Dow Jones, Jeffrey Berkowitz
said. The firm's James Cramer said shares of Dow Jones,
which were trading at $4i late Thursday, up $1,375. would
soon drop to $30. Fortune magazine reported.
• Pharmacia & Upjohn Inc. said its Consumer Healthcare
unit had acquired the brands Nasalcrom. PediaCare from the
Johnson & Johnson unit McNeil Consumer Products, and the
brand Micatin from Johnson & Johnson Consumer Products
Inc. In return, Pharmacia & Upjohn is transferring its brand
Motrin IB to McNeil and Mycitracin to Johnson & Johnson
Consumer Products.
The Associated Press
WASHINGTON — U.S. tele-
communications companies would
be open to greater investment by
foreigners under tentative action
taken by federal regulators.
The Federal Communications
Commission took the first step late
Wednesday to implement part of a
historic telecommunications trade
agreement that was reached by 68
countries in February.
The commission's plan, which
could become final later this year,
would remove a foreign-ownership
restriction so that companies in
countries that are pan of the World
Trade Organization agreement
could take an unlimited stake in U.S.
telecommunications companies.
The restriction generally limits
foreign investors to owning no more
than 25 percent of U.S. telecom-
munications companies.
Attorneys for the commission said
the plan would no longer require
investors in countries belonging to
the World Trade Organization to
meet a test of whether UjS. compa-
nies would have similar opportuni-
ties in the foreign carrier’s country.
The accord offers huge opportu-
nities for U.S. companies by dis-
mantling barriers that ha ve kept them
out of countries where phone service
is run by state-held monopolies.
OwflWM' Ota SufFrnm Dispatrhn
NEW YORK — Stocks rose
sharply Thursday as technology
shares' surged and new signs
emerged that the economic pace
might be easing enough to avert an
inflationary spurt.
In late trading, the Dow Jones
industrial average was up 6*~53
points at 7,333.19. as advancing
issues led dec liners by a 3-to-2 ratio
on the New York Stock Exchange.
Part of the Dow’s advance was
attributable to Dow Jones & Co. s
decision to eventually let investors
buy and sell options and futures tied
to the average, said Greg Nie, a
stock market analyst ai Everen Se-
curities Inc.
The Standard & Poors 500-
stock index gained 5.64 points, to
845.75, while the technology-
heavy Nasdaq composite index rose
10.68 points, to 1,390.35.
Microsoft, Intel and International
Business Machines pared the ad-
vance on renewed optimism that
key companies in the computer in-
dustry will report strong second-
quarter profits.
Gateway 2000 spurred the rally
after its chief financial officer said
the maker of personal computers
would make no advance announce-
ment about its earnings. Specula-
tion Wednesday that it would join
Intel and Seagate Technology Inc.
in warning about weak profits had
driven technology issues down.
"There’s kind of a sigh of. re-
lief," said Mace Blicksilver. head
of U.S. equities trading at Credit
Lyonnais Securities Inc. The Gate-
way announcement "is helping the
whole tech sector/’
3 RM. SNAPSHOT
Dollar Falls Against Yen on Japanese Rate Hint
GvqM by Ow Fwb, Dupatrim
NEW YORK — The dollar held
steady against major European cur-
rencies Thursday but fell against the
yen as a top Japanese central banker
hinted at an increase in interest
rates.
Governor Yasuo Matsushita said
the Bank of Japan could “preempt-
ively act" to raise rates, depending
on economic developments.
“People in Japan sold dollars after
those comments/’ Vincent Amaru, a
trader at Citibank, said. "Some
people are starting to think it's just a
matter of time before they raise rates
— in June, July or August"
In late trading, the dollar fell to
115.655 yen from 116.265 yen
Wednesday.
Japan’s central bank has left its
discount rate at a record low of 0.5
percent since September 1995 to try
to pull the economy but of a five-
year slowdown.
“The potential is there for a move
down to the low .113 area over the
next couple of days/’ said Randolph
taxes and an emergency spending
package would be taken to bolster
the economy.
"Obviously, there is concern in
the market that the Japanese econ-
omy will accelerate and interest rates
FOREIGN EXCHANGE
Donney, director, of capital markets
research at Pegasus Econometric
research at Pegasus Econometric
Group.
The yen also was lifted by com-
ments from a Finance Ministry of-
ficial and a key member of the ruling
Liberal Democratic Party suggest-
ing that steps such as lower land
will be moving up," said Richard
Gilhooly. global market strategist at
Paribas Capital Markets.
The dollar rose to 1.7292
Deutsche marks from 1 .7288 DM as
traders awaited employment data
from Germany and the United States
on Friday. But traders said the focus
was on the increased likelihood of a
weakening of the fiscal criteria for
European monetary union.
‘ ‘The market is focusing on EMU
going ahead with broader .partic-
ipation and a weaker euro," said
Marc Chandler, a trader at Deutsche
Morgan Grenfell. “June will likely
be characterized by a devaluation”
in the foreign-exchange market of
the currencies that participate in the
euro, he said.
Against other currencies, the dol-
lar was at 1.4461 Swiss francs, up
from 1.4450 francs, and at 5.8320
French francs, up from 5.8306
francs. The pound rose to $1.6335
fmm.tl MW
from $ 1 . 6332 .
• (AFP, Bloomberg, Reuters)
U. S. STOCK MARKET DIARY
INTERNATIONAL FUTURES
Indexes
Dow Jones
ow his* w cm.
IlMVS 7S1.SS 73S1AS m 7.94 73IM5 +4679
Tram 2MU5 Wl.« 345748 3MJ.12 ,24.10
Uli 221.05 221.77 2205* 221JM -M5
Om 22 ji*t imn nt&ss 22790 s +101
Most Actives
NYSE
Junes, 1997
High Low Latest Clwe OpM
High Law Urivst Cng* Qpfttf
High Low Latest Cbge OpM
HI 01 Low Latest Chg* OpUit
Standard & Poors
te uton* Today
M* law ana 1 PM.
Industrials 99531 *8665 V8643 996.98
Tramp. 617.79 612J4 612.72 617.4!
UIIIHics 1*252 19106 191.78 192.14
Finance 95A7 94.86 95J6 9655
SPSOQ 042.07 83682 840.11 84745
SPI00 826.88 81692 82037 827.14
v* n»
7145* 37H
42750 22*i
57987 3SW
+6158 31
41345 479
35704 13ft
35494 4I«
351711 3TO
34597 22*
34539 48*1
31711 14ft
31450 Jfty
33225 «9te
32260 2IS.
31804 20*
CORN (C80T)
5000 bu fltotonum- coos Mi MM
Jut 97 275 2 m, 274V. ,3 116712
Sep 97 2ffl 255* 259 y, ,3 33.708
Dec 97 250 252 2578k +3 109.675
Ma-TB 26416 H0h 244 ,] 13427
MavW 240 244V, 240 +2*5 1,474
JUI9B 272 2659; 272 +3 6410
Sep 98 09*5 239 259*5 +2(5 1
E«.sates NA- Wed’s. ides fiMM
wws open tot 27W4S off 830
ORANGE JUKE (NCTN)
i SAW Bml- cant* per to.
Jut 97 5625 7695 7945 +62B 15511
Sep 97 B30O 01.40 0165 *630 6340
NW97 5650 0400 0405 .60S 3.710
Jen* 8730 0655 0655 .60S 1075
Est.sates NA Wed’s, sales 1.955
wars open tot n,uz off 39
Nasdaq
HIM Um 3PM cm
443.99 M61I 44146 ,1M
5*251 557.53 541.85 +452
404J7 40675 41054 *230
27154 27248 772.94 . 0 13
40477 40621 40434 *4.12
Nasdaq
HWl IM 1PM cm
139173 1384 JO 1 391-50 *1103
114044 113441 1139.13 . 727
1496.52 148610 149SJ5 .400
1541.70 1533 25 1539.48 * 3.79
019.85 IB 10.39 111 LB *JJ2
94687 935 J I 945. D *944
VaL Him
174433 l45->»
91788 16>*
8272* 4941
74754 65'*
71919 191*
67487 110
53755 451,
513*8 48*1
44851 34H
<7386 65*|
40702 171*-
40014 17 »
34575 1W*
33042 341,
29990 IM
lm Mt
140 143*9
14*« 169*
45*9 4ft*
6414 6494
14*9 15*9
10519 100*9
44*9 4413
47 479*
33*9 33*9
SOYBEAN MEAL KWH
100 (on*, donor. Of. Ion
Jut 97 277 JO 271.00 77&J0 +110 41J13
Aw 97 75620 25100 256811 +L5D 16006
Sep 97 lOM 23699 241 JO +110 11 JM
Oct 97 229 JW 21600 22700 *620 11089
Dec 97 322J0 219.50 22640 +680 21042
Jan 98 21950 21700 217JD -0JB 2,585
Ed. sates NA Wed's, sale* 44,920
WnTsapenta! -109020 off 3897
0QLDO4CMXJ
iao mn> oz.- doll
Jur 97 34300
Jut 97
Aup97 J45J0
Od 97 34610
Dec 97 35600
Fab 98 33.M1
Apr 98 3S5JO
JW19S
AW 98
Est sates HA.
wed's open tot
msa 343.00 +118
J14J0 -2.10
341 JO 34500 +200
36150 34610 +110
34630 35640 +210
3n0O 353 ID +210
35150 35150 +210
35610 +210
3(690 +220
Wwfs- sates 21256
1(1.981 up 11189
GERMAN GOV. BUND OJFFEJ
DM256000- pte of 100 pd
Jm 97 101.4/ 101.35 10102 — Ol 07
Sop 97 10008 10628 10051 +007206025
Dec 97 9902 9902 9901 +017 0
232029
Est sates 205.935 . Ptev. sates 341724
Prev. open Mj 232029 off 37,234
10-YEAR FRENCH GOV. BONDS (MAT1FJ
Jun97 129S4 12906^12926 + 0121 56259
Sep 97 12706 12704 12700 + 0.10 71.993
Dec 97 96.92 96.92 9702 + 010 0
Est. sMes 220466 . Open tot: 2302S2 op
236.
ITALIAN GOVERNMENT BOND (UFFE)
ITL200 mlfian- ptsatlOOpd
Jen 30371
Sep 97 imss 13028 13052 +0.04 80035
Dec 97 NT. H.T. 10307 +049111056
EsLsdes; 51,716. Piw.sdes 74066
POT.apeaK: 111056 up 4087
EURODOLLARS ICMBl]
Si miSon-anaf lODuci.
Industrials
COTTON 3 (NCTH1
50000 K». - oonK par ll
JUI97 7140 7305 7110 -OB
OdW 7115 7 AM 7408 *616
Dec 77 75.90 7SJ7 7502 -003
Mar 98 76.95 7670 7675 -405
Marfa 7705 7707 7707 * 003
Ed. sates NLA. Wed's, sates 6648
Wed’s wen ini 72030 off 507 .
HEATING Off. (NMBt)
42000 ace. ewes eer pal
SOYBEAN OIL (CXOT)
Qft
+Vl
jmw
na
2304
2347
+113
Aim 97
na
2303
na
+0.11
Mi
18ft
-iv»
Sen 97
n .95
2170
ZLB7
+ai5
-ir*
OdW
H05
2X75
nn
DSC 97
2450
jun
24.14
Jan 98
24.44
2403
2130
+008
E9. rates NA
W«Ti sates
JOAH
wad’s won in
101 54*
off <77
Him Lm, 1PM a*.
*11 J2 40702 41110 -JJ7
Dow Jones Bond
20 Bands
TO Ufiilies
lOIndininah
102.18 I02J4
99.16 99 J5
105.19 10504
L*H 3s4S
7*4 Be
12 12'Vk
84NKI4V&
4*1 4*1
71*4 24’/*
J»»
2*1 2*-
IQ+* I0ft>
3B 3d
42+1 43
SOYBEANS CCB0T)
5000 bu nUntoMn- cents per budiei
Jut 77 842 821 836 +6
Aug 97 77U5 776 770 +4
Sep 97 721W 711 717*4 +5
Now 97 <88Vi 480 683H +1V4
JB19I 690ft 684 684
Ed. Ides na weirs, sates 115081
wed's wen ire 177092 off 7434
M GRADE COPPSMNCMJQ
2&aao im- centi per b.
Jun77 11450 11500 11675 +1.15
JU97 11700 11550 11700 +105
Aim 97 1U0B 11150 11400 + 0.95
Sea 77 11308 11200 11300 +1.15
Otf 97 11100 +1.15
Nov 97 11DJ0 +105
Dec 77 10900 107.90 10900 +10S
Jen 98 107 JO +100
F«t)9fl 10605 +1.15
Est. sides IJ6A. wed’s, sales 10011
Wetfsopenwt 56752 off 798
9618
*4.19
401.530
901
903
17.110
9404
9404
2595
9199
*401
482008
9X77
9179
377.231
9305
9157
-401 274947
9353
91H
233,735
9344
9346
18X481
9X32
9354
127501
9151
9XS
101,782
9127
91 J9
( 1 JS 1
9X24
9X24
48089
JK97 5405 5300 5300 -076
Aug 9/ 5678 5300 5350 -402
Sep 77 5505 5400 5480 -472
0097 5605 '5500 5465 -077
Now 97 5700 5650 5665 -052
Dec 97 57.73 3700 5700 -OS2
Jon 98 5809 3705 57.90 -042
Feb 90 5800 5705 !U0 -402
Met 98 5700 5675 5695 -007
Est. sates N. A. Wad’s, sates 38414
wed's men ini 122,727 up 1245
Est. sates na Wed's, sales 279,717
Wtof* open ini 2035479 off 11262
Trading Activity
Nasdaq
atancM
OrNsM
unenanged
ToHttwn
NwHdK
I4E 1178 Aawnont
8 AI 13*4 Dcainod
890 BIS unchanged
31W Total wues
13* 173 NenHKtoS
NM Laws
Market Sales
Non Pww.
1909 3W9
1347 ran
2195 I TOD
5440 5731
104 |*«
43 59
WHEAT (C80T)
MHO Bu mWmum- certs per BashtB
JUl 97 358 351 354 + 2U
Sen 97 345ft 359 36314 +1M
Q« 97 377 3311 37M +Ift
Mar 98 379 374 m* +314
Est. solas NA Wed's, sales 19005
Wcifsooentot 81 JOS up 220
SLVER(NCUX)
6000 iravnA- cents nar troy ox.
Jun97 47SJ0 47X89 475J0 *700 2
JUl 97 48208 46650 477%) +700 54013
Sep 97 485-00 473J10 481 JO +7.10 9047
Dec 97 491J» 48000 4S7JO +700 7,989
Junta 40900 + 700 17
Morffl 49400 487 JM 496<>1 +7.SB 6542
MoyfO 49800 46150 49800 +800 2043
0698 . „ 38130 +800 2.506
Ea.sdes NA Wed's sites 15052
weirs open tot Ota* off 2246
Mnncoa
Decfcned
Uncnangcd
Tuna luuos
NmHgtts
new lows
JM rl NYSE
J2 183 Ames
Tado» pm.
2M com.
35258 577.77
1756 27.71
40607 59402
Dividends
Company Per Amt
IRREGULAR
Asia Tigers Fd _ .01
iobtne RoyaUv Tr _ .1241
Livestock
CATTLE (CMERI
WK0 Bm*- cam oar w.
Am 97 *L2S 005 007 -005 16003
Aug 97 *400 4300 6306 -007 46904
Clef 97 6702 £7.10 <7.12 —042 21J01
DOC 97 m.17 4008 4905 —8.77 10013
R*W 71 JB 7002 7D05 -a® 5,725
A»9H 72.75 72-60 J7M —0.10 2JW
Br. sates I2JB4 Wed's, rales U.195
Wlwriopenlnt 10101! off 280
PLATIMAI INMER)
SI tn* m- tenors per bay on.
0497 43*08 41 (UM 43*00 +25JB 13.70
OCt 97 41040 372J10 41000 +14.00 4,947
Jon 98 4M40 39000 404J0 +I4J» 10*4
EsLsoles NA Wad's. sales 2,571
wed's open Ini 19,985 up 59
BRTT15H POUND KMER)
*2000 iXMitfc. Spar pound
Jim 97 10340 1.4284 10332
Sep 97 10308 10250 10790
Dec 77 10252
Ed. rates NA Wed's rates 7083
Wed’s epentoi 41.778 off 47
CANADIAN DOLLAR (CMBt)
1 au»0 del tors, l per cun. *
Jim 97 0280 0348 0270
S« 77 0324 0315 .7315
Dec 97 .7359 0354 0358
Est soles NA wed's, sites 9.743
Wed's open Irt 49030 off 457
LBHT SWEET CRUDE (NMBt]
1 000 buc- dnBcrs per hty.
Jul 97 2000 1905 1901 -001
Aug 97 2004 1907 1709 -AJB
Sec 77 2035 1908 1908 -034
Oct 77 2024 3D 03 TOO* -0J9
No* 97 2007 2009 20.17 -614
□ec'97 2003 20.10 2618 -614
Jan 98 7020 30.10 2115 -614
Feb 98 2005 3615 2617 -613
Mar 98 2008
Apr 98 2005
Est.saes NA Wed's. sides 90045
Wed-stpen.il 389,593 off 7H2
LONDON METALsSwEJ
Dpttors per metric ten
Atenrimm (HM Grade!
Spat 1576ft 1577Vj 1569 JO 157600
Faiward 1S99JM 7600.00 1593J70 1573ft
Capper CaflwdM (Mtoi Grade)
Spat 2533 JM 2536.00 2533ft 2536ft
Fofwatri 2475 JM 2476JM 2475ft 247600
Lead
GERMAN MASK (CMERI
UUMm crtJ . Iivmiit
Jan 97 JB02 J7B2 J786 75048
Sen 97 JM 5818 5824 73.179
Dec 97 JB58 459
Est sites NA WWs.sales 24J1S
Wed's open inf 98088 up 4864
JAPANESE YEN (GMSt)
lUmOfcmvnn. spar ido ynn
Am 97 0674 0405 0*6? 73,146'
Sep97 0790 JOB 0775 9J99
Dec 97 0090 JM 0MO 04
Est. solas NA Weds. u*k nun
WWfs open tot 83038 off 471
NATURAL GAS
10000 mm bfu'i.
Jul 97 2.170
AW 97 2.110
Sep 97 2.165
00 97 2.185
Nov 97 2010
Dec 97 2045
Jem 98 2090
Feb 98 2395
MorfO vm
Aor98 2130
Est. sates NA
wed's open tot
(NMBt)
1 1 per mm Mu
2105 2160
2125 2170
2130 2160
2140 2173
2080 1518
2005 2085
2050 2090
2370 2395
2245 2070
2170 2138
Wars. sates .27045
193.993 Off 8
UNLEADED GASOLINE (NMBt)
42.000 aai.com per gw
AS 97 4005 59 JS 5908 -002 4109
Aw 97 5901 5800 5895 -6» M0O
Sep 97 5000 5800 5830 -662 jUM
Od 97 5705 900 905 -69 309
Nov 97 5407 <09
Doc 97 5630 56JM 5600 -642 4.141
Est. sates NA Weifs. sates 24J03
Wed's open tot 7308* off 27BB
6-35 7-2
6-16 630
STOCK SPLIT
Blyth Induet 3 for? split.
□nan Copilot 2 far 1 spfil.
STOCK
BHA Holdings _ IPs,
CA Short . 6°l>
6- 16 6-27
7- 16 8-1
INCREASED
Butl 8i Boar liS Du 0 .19
Nabtsco Holding Q .175
6-16 6-30
6-16 7-i
REDUCED
- 30
INITIAL
_ .16
Company
Bus Bear
General Chem
GraptiKlnd
HancocKJ Inv
HanajCAPat
Hen»geUSGo»
Knnra Realty
Mid-ocean LM
Midland Co
NYMAGICInc
Oppenheimr
Oppetih • .
PanomerfaBI Bcv
Pep Bars
Pilgrim A
PtlncoFd
PlIncoMngmnt
Pf loco Dp port
Pilgrim Am Prime
Price,Royre T.
Salomon Inc
S portod t Corp
SrarrettLS,
TKWOD%W4C0(l
W sin Gas
Zum Indint
REGULAR
Allegheny Power Q -43 6-16 a-30
Amerada Hess
Bancroft Cv
Bloc* Drug A
Breed Teen
-IS 6-16 6-30
■25 6-16 6-30
Jl 6-16 7-1
.07 6-16 7-15
I R « Pay
6-16 630
6-18 7-3
6-20 7-0
6-20 6 30
6-13 6-30
6-13 6-19
*-£ 7-23
6-20 7-10
6-M 7-8
6-30 7-B
6-13 627
6-13 6-27
6 - 16 630
7- 14 7-28
6-9 6-19
6-23 6-30
6-73 6J0
6-23 6-30
6-9 6-19
6-23 7-7
6-16 M
6-23 7-7
6-16 6-27
6-19 7-3
6-30 8-14
6-20 7-15
FEB2ER CATTLE (CMBl)
SUM bs - cants par te.
Aw 97 7702 7670 7605 -4L5S 10094
SwW £35 7675 7677 -0J2 2.196
0097 77J6 7405 7705 -US 1529
Nov 97 7800 7805 7637 -0.47 1,951
Jan 98 77 JO —000 *07
Mo-98 7905 7800 7180 -020 107
Est. sates 1077 Wed's, softs 1283
wetTscpeninr 1B.7N off IN
Spat 621ft 622ft 612JM 61100
Forward 63500 636.00 62600 627.00
Spat 711000 711500 7040 00 704500
Forward 722000 722500 713000 714000
Tin
Spat 560500 561500 555500 556500
565000 561000 562000
Spot 1346.(9) 134700 131900 1320.00
Forward 1369ft 137000 134400 134500
SWISS FRANC (CMER)
i g.OM trance, t per Wan e
Jun 77 0M9 0910 MW
SwW JW 0984 MK
Dac97 JVH JQ72 HOI
ES.ates NA Wed's. rates ZL032
wed’s open tot 44.953 off 929
HOGS-LMB (CMBt)
4O0DO bs.-amra pgr lb.
AT 77 8100 80.77 81 JD -020 7,923
J||I97 82.70 B105 8100 -057 10733
AW 97 81.15 78.95 79.40 -IJ2 0593
22.2. Sf! ns -w 6.1W
40 ->-®
&7.wtes 11.928 Wed’S. MBS 0*74
Wetfiawntor 39.90 up 70
Hlffh Low Ctose Chge Dpint
Financial
Ad 97 8US D2 87J5 -300 54M
Aw97 WJO 869 8*00 —300 1,919
F*98J9J0 76IJ 7615 -300 441
Blades 1,745 wttfs. sates 2039
Wed's open tot 70D off il
UST. BILLS (OHER)
tt maten- pts of loo pa.
Am 97 68.94 M.9J 9693 -401 4.12J
Sap 97 9407 9105 MAS tS
DSC 97 0449 + 801 B47
Est.sates NA Wed's. sates 788
Wed's open Inr 1004 off 9TW3
MEXICAN PESO (CMER)
5OO0H nem. s per neu
JwW .125® IM7D .12*70 15J1I
Sep97 .12855 .1I9W .11990 12J18
Dec 97 .11820 .11550 .[1550 7J73
Est. series MA wed’s, rales T.ia*
Wtwfswenirn 30185 off 189
SBfHWN
Si IS iSSSlM
Jun98 mm *nn <r> jo m— 1 stS i
GASOIL OPE)
UJ. datton per metric ton ■ tote of 100 tow
-J iraW 16900 165 JO 16BJ5 —100 16M
Jul 97 170 JS 16705 I67J5 -Z75 14023
Aug 97 17200 16925 172J0 -2JS W"
$yv77 174J5 17125 171.75 —300 SJB
Ocf 97 17525 1 73.75 1 74.00 —225
Nt»97 176JJQ 17525 ITS. 75 -Z50 i3C
Doc 97 178.06 176 JO 17700 —2-50 R338
Est.sates 17+431 . Open Inlj 64051 off 347
Stock Indexes
SAP COMP. INDEX (CMER)
SOOilndex
Am 97 85120 841.00 teUd +650 IStbM
SfOW 89700 851 JO -857,80 + 705 «U33
Dec 97 84800 B65J0 948.00 +61S 3JM
Erijiriw NA Wed's, rates 770M
Wed's open irit 202,101 up 283*
o-enmmti tM^pnahnste omeuat par
slmra/ADR: g-pofuMe In Canodw funds;
OT-rnenttriy: q-goarteifn s-seml-aanwd
5 YR. TREASURY (CBQT)
410O4M Prt»-Pts4 *4on or loo no
00197 185-50 HB-4J 105-50 17711
Sap-n 105-35 105-26 105-3) -01 MOMS
D*C 97 105-1* IE
Est.sates NA Wfetfs-sdes 55 . 7 x 2
Wed's open kit 219055 off 443
Food
QXDA 1NCSE)
W nwtnc rant- s P*r Mn
Stock Tables Explained
Gales figures, are urarifkidL Yearty Wgla and torn reflect It* pmrious 52 weeis plus Bw currant
H^brinotttKUesttnxOngday.WtieteDS|iBors!Ddcdirtdendaniwitfngta25pcnxnt{]rinoie .
has been paU Oft years high-tow range and cMdend «e shown far fie new Gods anty. Unless
otherwise noted, rotes d dhridends are annual dtstMinwnants based on the torast deda ration,
a - dividend also extra (st. b - annual rate ot dividend plus slocK dividend, c • liquidating
dividend, cc- PE exceeds 99-dd - called, d- new yearty tew. dd- loss in the lost 12 months,
e - c9 vi dead dec la rod or paid in preceding 12 months I - annual rate. Increased an last
aectaraiion. g - dividend in Canadian funds subff<cTtB 1 5% non-residence fax. I - dMdond
docW rod otter split-up nr stack dividend, j -dividend paid this yecr. omitted, deferred, or no
aann token at tatesl dividend meeting, k - mvidena doctored or paid this year, an
aetirmukrtive issue with aMdends in arrears, n -annual rate, rcducad an last dudaiaffun-
n - now issue in the past 53 weeks. The hiqh-tow range begins witt the start of trading,
nd - next day delivery p - Initial atvidend annual rata unknown. P/E - prica-carnings ratio,
q - dosed-ena mutual fund, r - dMdend declared or paid in preceding 12 months, plus stock
dividend. * . stock split. Dividend begins with date of split, sb - sales, f - dividend paid In
stock in preceding 12 months estimated cash value on ejt-dhridflid or ax -distribution data,
u - new yearty high, v- tradtog halted, vl - In bankruptcy orrecefWHshlp or being reorganized
urtdertno Bankruptcy Ad. or securtllesassumadby such companies, wd- when distributed
wi - when issued/ VfW - with warrants, k - ex-tSvidend or ex-rights, nils - ex -dbtrl button.
«w - without warrants, y- ex-drridend and soles m folk >W-vichL 1 -sales In ML
U0B
UI*
—1
21055
IMS
1459
-2
19019
MS
M95
+3
19,789
ISIS
1524
+4
21599
1545
tl
8570
1583
+9
575
Wad's, rates
13079
COFFEEC(NCSE)
A497 25200 22608 23CLSC -2105
Soa 97 B4J0 20675 20900 -UM
DJKW 1»RI 11100 181 00 —9.90
MorTl 1T1S0 14700 147 JO -610
MOV98 1*550 16700 14200 —900
Btsates NA Weds. cotes UTS
Wed's awn tot 27252 off 285
llYR. TREASURY (CBGT)
s MM artri- era A 3 mos ai ioo pet
Am97 U7-2B 187-22 W-28 + 02 irmg
58097 10-11 HP-04 107.10
Dec 97 H6-3D 104-30 106-30 - 02 109 a
EsL rates NA Vfttfs series 106307
Wed'S open W 348097 off 4790
US TREASURY BONDS (CBOT)
(8 M-alQfLflBD-iHsA Xrwjaot ioo pet]
Jun97 110-15 110-05 110-13 _01 ITtJSn
Sep 97 110-43 H77-24 109.31 _qj 125?
DM97 109-20 109-14 W.jo
Mar 98 >99-10 TnS
Est sates NA Wed's, rates HI0S4
Wed's own Int 510,791 off [9871
LBOR 1-M0NTH (CMER)
S3 flriAwv- pftaf lOOnd.
JUB97 963) «629 9630 ic l3 .
JUl 97 9tlS 9404 9625 +001 12 j2
Aug W. Hit 94.18 9410 l Jgg
H gpgHiaS
Pot. open irfu 54X539 up IAN
i 8SW.
BE $2 um um
Been KM 9664 9665 UndL2«M
M»« 90J5 «J3 WJ3 -QmmPJ,
JWI9B 9608 MJ4 96J6 UndL^ S
WO? S 'Pi
95.91 _>S0p 9539 Unch. B5J96
CAC40 (MAT1F)
junw p 5wS*^a0 26840 +700 sag*.
Juiw 27060 262&J® 2iB20 +70.0 ,44*
Sep 97 27150 26370 26970 +700 1 & 1 M
soles 36576 Open tofj 6 B 283 off
g^lpOIFFB
^Jt^ 458Zjf«O0 65760 +240 66®
Sp97 461 1 S 45700 4*07J +23J IMS
D0C97 46560 46560 46570 +2« 773
^ suing IM43. Pot. safes: SM93
Prav.openirt: 80629 op WTO -
Ptw-aoeniffU W91.984 wGlSt
WJOHTH PIBOR (MAT1F)
FFS miOon - ate of 100 pet
Jun97 9657 9*51 9654 +0.03 S9SO)
S«p?7 96fl 9645 9647 + 002 61112
Sep 97 9649 9645 9647 + 002 61112
Dae 97 9647 9644 9645+001 T 7 -T 6
Mar 98 9601 9638 9639 + a 01 M 0 B 7
Jun» 9629 9626 9628 +a 01 21855
Sep 98 9613 9610 9612 + 0.01 Rm
EAsalec 66711 . Open lut.- 276088 up
Commodity Indexes
nw PiraW 1
Moody's NLA. I'fll'S
Retrlm 2,00000
DJ- Futures 15807
CRB 24667 wSS
,Somas: Mam Assedatea Press WO"
W7 Financial Futures EichBiga W 1
Exdtange. —
SUGAR.WORUDI 1 (NCSE)
11100010+- cents otr il
-MW 110* 110] iijfl «4ig
g 097 1 JS JUS 11 Z 1 -411
!J-“ 1108 ll.M -411
f'S*. 1106 TUB -410
na wetfs.«i« jm**
wed’saaenmt up *37*
AW 97 Hit 94.18 9419 'JS
Est. soles NA WeOiiates 7.297
Wtfimld 34.M7 up 277
LONG GILT n ■*■*»
£50000 -pis
Jun 97 1T2L13 112-30 liaSO, +-0-Ai ouu,
11*« "Jff? Ii|w ttm its
S sate*: f sIba3^pOT!2S/ MMn
Pot. wen bt 20JW - off
—12—407 84087
-—— — 93J3 — 003 37
?SSgg:S3$%|
_ Business
Oppokiunihes
Appears every Jfednrt<4r
in The Intennafket-
To advertise contact
Kimberly GnenaiKf'Bdnuitoiflt
Tel; + 33(0) 141 43W W
Fax: + 33 ( 0)1 41 43 93 70
Or your nearest HTT offiM
or representative-
L..IU1 V- I
Some analysis said^oefc^ par-
ticularly comptner-ntiared issues,
faced a bumpy ride as profits came
underpressure.
“The question is: Are w? seeing
the tip of the ioebesg qtf stoSS
growth for these companies or
not?” said Robert Djdwy, a stock
market analyst at Dam Boswonh.
Rising interest rates also wiU.be a
problem for the market, he sakf, al-
though there had beealittie evidence
yea of The effect.
As traders awaited unemploy-
ment data for May. dse (Kit Friday,
they were encouraged by a report
fl Currency 1*1
rj.-toWgfey-i*.- ■
v ■-■w '
HSpc—ciT --
t.-' — ij-'. -C -S-Z.~ " .4gl
L' *>- ' f ' i: ' &
■: -• w t:
- - - -
showing that the number of Amer-
ican workers filing first-thne claims
for jobless benefits unexpectedly
shot up by 19,000 last week.
Such an increase in joblessness
would indicate a slowing economy,
removing inflationary pressure and
diminishing the likelihood the Fed-
eral Reserve Board will raise interest
rates when it next meets in July.
In an indication that strong con-
sumer confidence had not translated
into an inflationary singe in retail
demand, several of the biggest U.S.
retailers reported lower-thim-expec-
ted sales for May.
Bonds held steady, with the
benchmark 30-year Treasury bowl
unchanged at 96 25/32, leaving its
yield at 6.88 percent
Tobacco stocks rose on news that
critics of the industry were near a
compromise on the issae of shield-
ing tobacco companies from pu-
nitive damages in lawsuits. The in-
dustry and its opponents are
negotiating to resolve lawsuits over
smoking-related illness.
C/Net rose sharply as Intel said it
would raise its stake in the provider
of television programming and In-
ternet material to 6 percent from 4 J
percent by purchasing 201/253
shares for $5-3 million, or $26.24
each, given regulatory approval.
Integral Systems gainkl after the
computer software and hardware
company said it would split its stock
3-for-l by July 1.
U.S. Office Products rose after
the office-products supplier said
profit from operations in its fourth
quarter exceeded analysts' fore-
casts.
Factory Card Outlet plunged after
the greeting card and party-supply
retailer said that because of Iower-
than -expected sales, its foortb-
quarter earnings would be sharply
lower than forecast.
(AP, Bloomberg)
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bvi: >
Sr 1 - V;/ '
•" -Ik- '
■-RI.lt ^ i « »« !\ M XltkkT*
”*35C!a). wunr !i
ifiology Stocks
INTERNATIONAL HER ALD TRIBUNE, FRIDAY, JUNE 6, 1997
EUROPE
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German Growth Slows,
Raising New Doubts
On EU Currency Plan
Railtrack Has Profitable Start
But U.K. Regulator Calls for More Transport Investment
; gp .
P : oc"
m-
[V- : i
CmqOHtln OvSufffiromDispiacbn
BONN — Economic growth
slowed moderately in the first
quarter, the Federal Statistics Office
said Thursday, raising fresh ques-
tions as to wheTher Germany will be
able to meet the fiscal criteria for
European monetary union.
Gross domestic product grew 1.4
percent from the like quarter of 1 996,
slowed from a 1.9 percent increase
shown three months earlier.
Noting that there were three few-
er workdays in the first quarter this
year, economists said the slowing of
growth appeared worse than it was.
But they said Germany faced an
uphill fight to reach the govern-
Lufthansa AG
Gains as It Talks
OfHapagSale
Ci wfwlrd bv Uxr S»0 Fiwj Dqprtrta
FRANKFURT — Shares of
Lufthansa AG rose Thursday
after the airline said it was con-
sidering selling its 18 percent
stake in Hapag-Lloyd AG. a
shipping and travel company.
•Preussag AG. a steelmaker,
said it was holding talks with
the airline to buy the stake in
Hapag-Lloyd but declined to
comment on how the talks were
progressing.
Preussag and Lufthansa have
been hying to become more
competitive by concentrating on
their more profitable businesses.
Analysts said a sale would make
sense for Lufthansa but ques-
tioned why Preussag would buy
into Germany's shipping in-
dustry, which is suffering from
overcapacity and falling prices.
Lufthansa shares rose 1.30
Deutsche marks (76 cents! to
close at 30.80. Traders said they
hoped the sale of its stake would
mean a one-time gain of as much .
as 540 million DM. Hapag-
Lloyd shares were fixed at 995.
and Preussag closed at 475. up
9 JO. lAFX, Bloomberg)
ment's 2.5 percent growth forecast
for the whole year.
“I think the full-year 1997
growth will be slightly less than the
government's growth forecast of 2 J
percent, and that could add to the
government’s budget problems.”
Lothar Hessler of Trinkaus &
Burkhardt said.
Finance Minister Theo Waigel
has repeatedly said Germany will be
able to cut its budget deficit to below
3 percent of GDP, as the Maastricht
treaty requires for countries joining
the single currency at its scheduled
launching in January 1999. But he
has based that forecast on economic
growth of 2.5 percent.
“The data could be positive for
the deficit,' ’ Mr. Waigel said of the
first-quarter growth. “The latest in-
dicators are more positive, but un-
fortunately they are not yet impact-
ing the labor market.”
In Western Germany, the econ-
omy grew 1 .2 percent from the first
quarter of 1996, while in Eastern
Germany it grew 2.8 percent
The economy remains sluggish
largely because consumers, un-
nerved by record high unemploy-
ment levels, are reluctant to spend,
analysts said.
A separate report on factory or-
ders showed demand for German
goods increasing at home and
abroad. Orders to the manufacturing,
industry rose 3.3 percent in April
from March and were 6.4 percent
higher than in April 1996.
Foreign orders for capital goods
rose 5 percent, while similar orders
for consumer goods increased 7 per-
cent Domestic orders of consumer
goods grew 6.2 percent after a i.l
percent decline in March.
“Exports and equipment invest-
ment are the two legs the economy is
standing on,” said Ralf Kugelstadt
an economist ar Union Bank of
Switzerland Ltd.
"It will take a long tune before
we see an improvement in private
consumption.”
"The competitiveness of the Ger-
man economy on international mar-
kets has clearly improved again, ' ’
Economics Minister Guenter
Rexrodt said, pointing to lower
wage costs and a decline in the value
of the Deutsche mark.
(Rearers ; Bloomberg)
C*HpiMlKttoSWFiUMDuiu,l**
LONDON — The owner of the
British railway system. Railtrack
PLC, reported a 27 percent rise in
pretax profit Thursday for its first
year after privatization, leading the
industry regulator to order a review
of its investment in the system.
Railtrack said pretax profit for
the year that ended in March was
£346 million (S583 million),
which it compared with a pro-
forma figure for the previous year.
Revenue rose 6 percent, to £2.44
billion, with the bulk of it coming
from track-access fees paid by
government- subsidized pas sen -
ger-train companies.
But Deputy Prime Minister John
Prescott, who is also minister for
transport said the rail regulator
Opraf was "not convinced” that
Railtrack was meeting its targets.
"I’m not sure we are getting the
investment we need” from privat-
ized public-transport companies in
general, he told the BBC.
"There is still a very long way
for Railtrack to deliver on its in-
vestment obligations and thus se-
cure the longer-term health of the
network," the head of Opraf, John
Swift, said. "There remains a sub-
stantial backlog of expenditure on
network assets, stations and depots
which Railtrack must eradicate as
apriority."
The new Labour government
has promised to tighten regulation
of Railtrack and of the private rail
operators that have been awarded
franchises to run the 25 rail lines in
Britain if they fail to provide ad-
equate services.
In February, Railtrack promised
to spend £15.9 billion over the next
10 years on upgrading track, sig-
naling and stations.
"The idea that we're underin-
vesting is totally wrong,” Chief
Executive John Edmonds said.
"We are getting on with our job
and delivering our promises —
300 stations will be refurbished by
the end of this year, and new track
and signaling schemes are coming
on stream all over the country.”
Mr. Edmonds also said
Railtrack should not be required to
pay a tax on "excessive'' profits
that the new government has pro-
posed for it and other utilities
privatized by the former Conser-
vative government.
Even if Railtrack is not included
in a windfall tax. analysts said, the
government could affect its future
profit by limiting its gains from
property sales.
"It's pleasing at the operating
level.” Marshall Whiting of SGST
Securities said of the earnings re-
port. "but I'm not convinced
they're going to escape a windfall
tax. We're a bit concerned.”
Railtrack shares rose 14 pence
to 659 in London trading.
"The shares are very cheaply
priced at the moment in the mar-
ket.” said Richard Hannah, an
analyst with UBS Ltd. "But
there's nervousness because of
what the government could do."
( Reiners , Bloomberg. AFP I
Daimler Profit Talk Brings Inquiry
Conqigrtfhy Om Stuff From DUpuHbrs
STUTTGART — Prosecutors
said Thursday they were investi-
gating a senior Daimler-Benz AG
executive for allegedly violating
rules on the disclosure of earnings.
The investigation centers on re-
marks that a management board
member. Eckard Cordes, made to
reporters March 2 at the Geneva auto
show. He said then that the com-
pany's group 1996 net profit would
exceed 2 billion Deutsche marks
(SI. 16 billion) and that its sales
would total about 107 billion DM.
Daimler’s shares rose 4 percent
the following day, though the com-
pany did not issue its earn ings report
until later in the month. Its profit
turned out to be 2.8 billion DM.
"TTie investigation refers to the
alleged passing on of insider know-
ledge,” a spokesman for the pros-
ecutors' office said. "A figure was
cited in Geneva which had potential
impact on the share price." Insider
trading in Germany can be punished
by a fine, which varies with the profit
made from the trade, or a prison
sentence of as much as five years.
Separately, more than 30,000
Daimler-Benz employees stopped
work to demonstrate for a greater
share of the company's profit. Most
of the protests lasted an hour, unions
said. (Reuters. Bloomberg. AFP J
OECD Fears Farm Subsidies Will Grow
Seiners
PARIS — Rich countries saved
billions of dollars in subsidies to
fanners last year, but the OECD said
Thursday the savings were excep-
tional and that the cost of farm aid
could climb again.
A boom in grain prices was one of
the main reasons for the drop in the
basic cost of supporting agriculture.
which fell to SI 66 billion last year,
according to data on 24 of the 29
members of the Organization for
Economic Cooperation and Devel-
opment, from $180 billion in 1995.
But grain prices have fallen
steeply since hitting records in mid-
1996. and the OECD fears that the
savings recorded last year will make
governments complacent about
streamlining agriculture.
Switzerland remains proportion-
ally the most generous OECD coun-
try to its farmers, with aid account-
ing for four-fifths of the value of all
crops produced. Japan is not far be-
hind. and the European Union is
above the OECD's average,0 with
subsidies amounting to 43 percent
of the value of its crops.
WORLD STOCK MARKETS
Thursday, June 5
Prices in local currencies.
TeteKurs
High Law Close Pnw.
Amsterdam abcmbc^j
Previses: 817.13
ABN-AMRO
Aegon
Ahoid
AtaoNoW
Bom Co.
Bols Wesson
CSMevo
DanihdBPet
DSM
Ebmrter
Fate Amev
Gelmics
G-8raccvn
Hooamemaa
HirtDajglas
ING Group
KLK
KMPBT
KPN
NeOnaGp
NutnCia
OceGrinten
PWfsEJec
Prtwnm
RmKK&ldMg
ft c tec o
Rodamcn
RoSnco
Raento
Rural CXtfdi
Ursweroo
VNU
taim KJch
Bangkok
AdvWnSK
Bangkok 8k F
RnroaTlmBk
PTTEgjfcr
SamCacntF
Sens Can BkF
TrkaHDcw
TtajJUnm,
nsuForofekF
van 3030
14130 14120
14130 147 JO
252.10 258
118-20 119 JO
34.20 37 JO
97.10 98.90
384.60 387
lBfUO 191 JO
32.70 32.90
00J0 BO JO
65.40 44
600 M.8B
93 9190
330.10 33130
103.10 103J0
144 14640
86J0 88
55.10 55 JO
40 40 4140
743) 75
46J0 47
XI 303J0
25440 25650
1173) 1193)
93 95
20020 20020
17SJ0 17540
60.80 61
181 111
niio nuo
374 37640
37150 37440
111 113.10
SET Mec 548JJ5
Previous: 5 528 7
144 147 149
210 210 208
27 JD 28 2a2S
318 320 318
478 490 490
114 117 123
27.25 27 JO M
38.50 38.75 3850
117 «S 128
110 113 111
Hiflta
Deutsche Bank 9945
DeutTetetom 3945
DmliMf Bank 4225
Fresenhn 345
FnuflhisMMt 143
Fried. Kivpp 348
Getie 125
He&fifcgZmt 149
Henke) pM 94.90
HEW 483
Hochtief 75
Haechst 69.90
Knrstadt 62650
Lrinsyer 75
Unde 1255
Lufthansa 3190
MAN 51540
MameniHin 736
Meta8gssvB8Chaft37J5
Metre 19540
Munch Run* R 4625
Preussag 479
RWE 7485
SAPptf 3153)
Schertng 181 JO
SGL Carton 261
Siemens 9893
Springer tAaQ 1510
Suedzurtw 940
Thyisen 412
Veto 98.95
VEW 535
Vtog 784J0
vofcwgen 1198
993) 9935
39 39.15
62.10 42.10
340 364
1SB.90 142
339 348
123.90 12430
167 167
96.10 9&90
483 483
7450- 7450
69.15 6935
623 62530
73.90 74J0
1242 1255
30.7B XJO
51430 - 515
73130 7323)
373) 3740
193 194
4545 4625
46730 475
744J) 7AJSS
310.70 31280
17? 18040
260 26&20
97.95 98J7
1510 1510
935 938
-W-ffl 411
98 9BJ0
530 535
777 778
1186 1193
High Low Close Pnw.
SA Breweries 13125 129.75 131 IX
Saoancor 49.75 4930 4930 4925
Sosa 5675 56 5630 56J0
SBC 21330 21275 21330 21150
Tiger Oats 7775 7675 7675 7675
Kuala Lumpur ewgsiteiiBiuM
r Previous: 111921
AMMBHdgs 17.10 1640 17 1630
Gnflng 1110 1270 12J0 13.10
MdBunMng 2775 2630 27 2775
MdtfaUISNpF 5.95 535 5.90 5.95
PctronosGos 940 975 970 940
Proton 13 1240 1160 1290
Public Bk m 398 4J2 4
Rtranfl 148 330 334 348
Resorts World 830 875 870 845
Rothmans PM 2675 25 26 2675
Sima Dtsfay 875 615 8.15 8.15
TekkomMal 12J0 1270 1240 1240
Tonga 12 lliiS 11.90 11.90
Uld Btgkieen 2870 1970 19.90 2070
Va 9.15 9 9X15 970
High Law dose Pnw.
Helsinki hex gvmioi wtcc 3*5744
Previous: 3877.18
EnsoA
Huttantful
Keawa
Kesko
Merita A
M*oB
Metsn-Seria B
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SnsMXIndW: 387115
PrenOK: 386143
89575 BBS 895 88830
12491217 25 1 2381239 J5
432 426 43030 42775
93 9075 91.75 9275
48730 47975 485.75 _480
284 780 28175 28175
31430 305 311 304
32330 31650 31975 32130
1830 IB »8 1875
413 XI 25 404 XI
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HKCNnaGX 1475
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Hyson Dev 2570
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Brussels
UL
CBS
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BEL-2* Brine 228347
P re vi e w 888440
15850 15975 15975
63X 4Tto 6340
9550 9550 97®
3260 3305 3290
14375 14450 14425
1815 1620 18M
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3550 35® 2S8t5
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3135 31®
5780 5720
14X0 14150
14925 14750
12400 12250
4995 4975
10125 10050
3355 3300
21800 >1675
15575 15X0
97000 96300
3135 3115
5753 5800
14275 MIX
148® 14925
12375 12300
10075 row
33X 3305
21800 21700
15525 15525
98550 96450
Jakarta
St
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47 4630
23030 227
5170 50J®
79 77®
17® 1740
14630 147
39 XJO
137 138
339 34430
210 214
103 103
119.90 11850
90.10 9040
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Pmtoos: 1483138
830 835 8®
2730 28J5 27.95
11J5 12 11®
7830 79 79 JO
S43B 'MSS 24®
42® 4470 X
4&30 48.fi 48.58
41® 41® 41®
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1475 14® 1430
91-75 91 J5 9275
835 9 9
7X75 74 7675
3180 14 13.95
WM 28.60 29®
1665 17.15 17JS
615 473 6®
215 227 229
6175 6125 6475
26® 26® 25.30
22® 22JD 22.7®
19® 19® 19®
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2® 7.73 Z75
243 243 2®
95JS 97 mS5
£15 5.15 STS
895 9® 9.10
7® 7® 7JS
AS® 71 6975
as® 35®
19.15 19® 19®
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Previous: «334
6H0 030 6£& 49K
1975 1900 i® 1925
1675 1600 1650 1625
10X0 10125 HITS 10475
30® 2975 30® 2975
5475 5450 5450 SSJB
' 7500 7300 7425 73W
1D4Z5 9975 HS2S 9975
562$ SS25 5525 5500
3975 3925 3950 4000
London
Abbey NaH 832
Ailed Domecq 631
Angflon Wtder 672
Araos 615
Amt Grew 174
AssocBrftods 577
BAA 538
Bredovs 11®
Boss 7.76
BATInd £42
Bank Scotireid 3J2
Blue Clicle sM
BOC Group 1079
Boots 734
BPB Ind 332
BrftAemsp 12J3
Bra Always 731
BG 271
BritLand 5®
BrttPaftn 737
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Paris
316
3.13
3.14
3.11
465
457
460
£65
Accor
2-52
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2®
2-45
AGF
High Low Close Prev.
CA&4O.2690®
Previous; 263S37
Brit Steel 131
BritTetom 656
BTR 1.99
BurroohCaJtnd 1IUS
BuflonGp 131
Cable Wlrelen 5
CodhurySchw 572
CartmCam 5 35
Comrel Union 475
CorapassGp 6B6
Coimmrids 149
Dixons 695
Eledrocffliflianenis 602
EIW Group 11®
Energy Group 5®
Hnteipffoeol 7J2
Run Cotanid 1®
Geril Acddent - 896
G6C 635
GKN 1029
GfenoWfeBcone 1231,
Granada Gp 875
Gitild Met 570
GRE 2.78
GnseiialsGp 666
Guinness 575
GUS 640
Haw 543
HSBC Htdgs 1816
Id’ 835
Imp! Tobacco 475
Market Closed
The Copenhagen stock
market was closed Thursday
Johannesburg »***%£
Frankfurt
DAX-X7U1
M WSHB 3M1 ®
vet n® ms
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16® 365 366
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LsgtdGsrfGtp 432
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LucraVority 1.85
Maria Spencer £11
fUlSPC 530
Mereay Asset 13X
NafloreriGiU 121
MHPOW £04
NalWest 742
Netd 7.10
Oronge 2.13
P&O 641
Peatsan 7.12
Ptfdngtan 177
Pmrerikn 658
Premier Fontel 667
Rrudnfal 630
RfllbiickGp 670
Rank Group 475
RectttCesu 887
Mtand 327
Reed HI 199
Kodaks UM 229
RrwtmHdgs 678
Rami £76
RMC Group 9.25
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Previous: 4557.10
810 813 B40
625 626 632
645 649 664
607 61® 611
170 174 170
£20 577 577
575 5® 570
1143 11® U.7B
743 770 749
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343 345 172
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696 7.17 696
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775 734 733
£72 £86 576
149 1® 1®
645 654 666
1® 1.94 1®
1037 1038 1042
1® 131 1®
686 698 693
£13 £19 577
570 £23 £18
649 671 662
668 £84 667
335 3J5 337
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198 4 338
1175 IT® 1142
536 535 542
693 699 689
1® 1® 1®
8*7 896 893
377 332 332
1070 1072 1078
1136 11.97 11.99
£55 £71 £60
541 £64 541
270 273 174
658 440 641
£67 £69 £73
679 639 6J3
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438 648 439
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118 270 272
5 £01 £05
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633 638 642
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642 635 6®
660 665 443
604 479 607
638 639 645
620 624 477
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235 125 128
671 675 681
164 166 2®
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735 737 777
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1770 1800 1780
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1495 1S20 1510
24300 25050 24390
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31170 31800 31200
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2745 2800 2770
7400 7410 7450
11210 11310 11260
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287® 29300 28900
1735 1775 17®
2605 2745 26X
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1385 1410 1395
7148 7420 7100
4205 4315 4215
1275 1 310 1 285
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Previous: 279611
18®
19
19.75
2175
21®
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157
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Previous: 412136
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31.® 31J5 31®
M 1236 1236
39JJ0 39® 39X5
4685 4770 47.00
174 1.73 178
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1900 9SM 9680 98®
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490 480 484 4B0
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CCF
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341 332 335.10 327®
367 357 36260 357®
297 289.90 29110 28540
594 5® 580 557
2604 24® 2341 2420
2159 20® 2115 2015
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1747 1619 1714 1604
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310.70 299 306.10 297®
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BHP
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Brambles Ind.
CBA
CC Arnold
Coles Myer
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Foster; Brew
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Frankfurt
DAX
3400 fot*
3200 — a-5-
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1996
Exchange
Amsterdam
Brussels
Frankfurt
Copenhagen'
Helsinki ••
Oato
London
Madrid
Milan ■
Paris
Stockholm •
Vienna
Zurich
Source* Telekurs
London
FTSE 100 Index
•4800
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1996
Paris
CAC40
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FTSE 100 '
Stock Exchange
MIBTEL.
CACAO
sxie
ATX
SPI
AM J ““"J FMAMJ
1996
Thursday Prev. ■%
Close . Close Change
820.69- • 817.12 +0.44
' 233.07 . 2.284.40 -0.06
' 3,67343 , 3,661.84 +0 .31
Clpsad • 578.03
3,1^764 3,077.10 >oi63
634^3 r 641^31 -1 -04
4^7620 4,557.10 +0-42
• 564.41 557.47 +154
12256 12260 ' -0.03
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3,060.35 3,062.79 -0.08
1^8^92 1^04.17 +0^1
3^27.99 3313.71 +0.43
Jnurn 1 j i.wul HrniM T nhux-
High Low Close Prev.
£5730 457
28130 17730
23430 254
690 693
370 38530
237 24030
236 238
32150 31030
179 177
15630 15430
190 190
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221 219
21030 71530
Ari Ordinaries: 26*470
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PrwtoW: 828231
Very brieflys
• Platinum and palladium market-makers held talks in Lon-
don amid threats of delivery defaults in their markets, where
acute shortages of the precious metals have driven prices up and
prompted dealers to stop quoting forward rates.
• Hennes & Mauritz AB shares fell 20 kronor to close at 234
(530.19) in Stockholm after the retailer said it would transfer
its shares from the exchange’s "A” list to its less prestigious
"O” list to avoid the impact of a new tax law on its chief
executive and biggest shareholder, Stefan Persson.
• The European Community Shipowners' Association said
ending duty-free and tax-free"sales in mid- 1999 would lead to
50,000 job" losses, higher ticket prices and closings of ferry-
routes. The association urged the European Union to review
its 1991 decision to end the sales.
• OAO Moskovskaya Gorodskaya Telefonnaya Set, or
MGTS, the regional phone company for Moscow, will not
renew a contract with France T eiecofn for pay phones, saying
the French-made phones did not offer enough protection against
the use of fake telephone cards. The company has signed a deal
with the Spanish telephone company Amper SA.
• The European Commission approved Lyonnaise des
Eaux SA's acquisition of Compagnie de Suez SA.
• Siemens AG's chief executive. Heinrich von Pierer, said the
company had no plans to leave the nuclear-energy business,
despite public opposition to the technology in Germany.
• W.H. Smith Group PLC said it made £55 million (S95.I
million) by selling 14 of its retail properties in Britain: it did
not identify the buyer. The book retailer plans to rent the
properties for £3 million a year.
• German regulators rejected a bid by Merck KGaA, a drug
and chemical maker, to buy KMF Laborchemie Handels
GmbH, saying the purchase would give Merck a dominant
position in the German laboratory-chemicals business.
AFX. Bloomberg. Reuters
Tli 0 Trib Index Pnces 1180,300 PM New rort ' pwe
Jan 1.1992*100. Lewi Change % change year id data
% change
World Index 166.30 +0.65 +0.39 +11.51
Regional Indexes
Asia/Paadc T25.13 +0.10 +0.08 +1.30
Europe 173.49 +0.93 +0.54 +7.62
N. America 192.22 +0.97 +0.51 +18.72 ,
S. America 155.53 -0.11 -0.07 +35.92 j
Indue trial Indexes
Capitalgoods 20223 +1.85 +0.92 +10.32 j
Consumer goods 186.67 +0.66 +0.35 +15.64 i
Energy 196.97 +0.29 +0.15 +15.38 ,
Finance 124.33 +0.67 +0.54 +6.76 ;
Miscellaneous 167.91 -0.86 -0.52 +3.79
Raw Materials 181.70 +0.27 +0.15 +3.60 !
Service 158.17 +0.44 +020 +15.18
tAMes 143.14 +0.05 +0.03 -0.22 j
The Iniematlona} Hemk) Tnbune World Stock Index O mots me US-dollaivatimol I
260 miemationaRy nvosobte stocks from 25 countries For mom infomunon, a free I
Booklet is avaiable by wrung to The Trio Index. 181 Avenue Charles de Gaulle.
32577 Neuify Cedex. France. Compiled by Bloomberg News.
High
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Murato Mfg
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INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
ASIA/PACIFIC
- ^V>3^ UP Lla£&j~
PAGE 17
Pipeline Whits on the Taleban
By Steve LeVine
Nmr Yoii Tines Senicr
TASHKENT, • Uzbekistan —
When die militant Islamic move-
ment known as the Taleban expan-
ded into northern Afghanistan,
some Western energy executives al-
lowed themselves a slim hope that
the way was finally clear for an
export pipeline from this energy-
rich region to the growing markets
of Asia.
Two oil and gas giants — Unocal
Corp. of the United States and Bridas
Energy Corp. of Argentina — have
been in unusually bitter competition
over proposals to build the 1,400-
kilometer (875-mile), S2 billion nat-
ural gas pipeline from Turkmenistan
through Afghanistan to Pakistan.
But the Taleban has suffered a
sudden setback and industry experts
see (be chance of persuading insti-
tutions like the world Bank to fi-
nance a pipeline as elusive as ever;
Still, the energy companies' am-
bitions in this region illustrate their
willingness to make huge bets and
wair out political turmoil in hopes of
Incleed, in a recent interview, Un-
ocal’s president, John .Imle Jr., ar-
gued that his company had thrived
taking political risks in such places
as Thailand and Indonesia before
others would and that the proposal
for a pipeline through Afghanistan
Imle said in Turkmenistan’s capital
of Ashkhabad. "If skepticism were
a problem, this industry wouldn’t
exist."
The most recent setback to hot
for a pipeline came after TaleL
forces were driven this week from
the northern city of Mazar-i-Sharif,
not far from the Uzbek border, just
days after the Islamic militants
seemed on the veige of unifying
Afghanistan.
The World Bank and other in-
ternational financial institutions
consider such nationwide authority
— in addition to peace — a pre-
requisite to loans for the trans-
Afghan pipeline proposed in com-
peting plans by Unocal and Bridas.
“Atle
least for a few hours, a lot of
people were hopeful," said a U.S.
shxncton.
official in Washington, who spoke
on condition of anonymity. "If you
have one government controlling
virtually all the country, both com-
mercial banks and international fi-
nancial institutions would have been
likely to get involved. Now it’s back
to square one."
Both Unocal and Bridas describe
the pipeline project in grand terms:
irould
was jus r one more gamble. "I’d like
tocallf '
l this pattern recognition," Mr.
the energy would supply an expand-
ing Pakistani market and, if regional
diplomacy is successful, feed an
even larger demand in India.
Unocal speaks even more ambi-
tiously, proposing a parallel, 1,600-
kilometer, $2.7 billion oil pipeline to
Pakistan’s Arabian Sea coast. Un-
ocal and its Saudi partner. Delta Oil
Co., promote the line as a way to
channel oil from as far away as west-
ern Siberia to Asian customers.
Yet, the companies have pro-
duced few believers. Indeed, many
bankers and U.S. officials say that if
anything comes of the proposals, it
will nor be for years into the next
centuiy.
Such skepticism begins with the
setting for the projects. The
pipelines would start in the desert of
Turkmenistan, which, although it
has the world’s fifih-largest natural
gas reserves and a population of just
4 million, has largely floundered
economically.
Most of the problem is the fault of
Russia, which has choked off Turk-
menistan’s natural gas exports to
Europe and cost it about $2 billion a
year in hard currency earnings.
' Critics, however, say that Turk-
menistan’s president, Saparmurat
Niyazov, is also to blame for adopt-
ing market reforms at a snail’s pace.
Diplomats say the authorities in
Turkmenistan routinely insist on
renegotiating terms of consum-
mated contracts or sometimes sign
similar agreements with two dif-
ferent Western companies.
Unocal’s entry into Turkmenistan
is instructive.
When Mr. Imle visited in July
1995, among the gems a delighted
Mr. Niyazov offered was an off-
shore oilfield called Chelikan I. The
field was already under contract to
another U.S. company. Oil Capital
^TURKMENISTAN
Ashkhabad
Tashkent
—
- TAJIKISTAN' _
IRAN
MUes
MazarM-Shnrif^
Kabul* Wanybad
^AFGHANISTAN^
r
PAKISTAN
l
China Buys
Oil Firm in
Kazakstan
$4 Billion Deal Aims
To Bolster Supplies
NIT
Ltd., but Mr. Niyazbv contended
that Oil Capital was in default. Un-
ocal did not seek the field.
The president went on to suggest
the pipeline project, even though he
had previously asked Bridas to do
basically the same thing.
The origins of the two compa-
nies’ proposals are the center of a
lawsuit brought by Bridas in a Texas
court against Unocal.
The bulk of the political risk,
however, is in Afghanistan, through
which 836 kilometers of the natural
gas pipeline and 675 kilometers of
Unocal's oil pipeline would pass.
The rout of the Taleban this week
and fresh fighting on several fronts
have had a great impact on the proj-
ect.
"From the oil and gas point of
view,” said Robert Ebel. director of
energy and national security at the
Center for Strategic and Internation-
al Studies in Washington, "this has
to be viewed as a setback."
C’ttfxlnl ft Our Sun'FrMi Dufvirbn
BELTING — China's petroleum
monopoly will pay more than $4
billion for Kazakstan’s top oil com-
pany, the Xinhua news agency re-
ported Thursday, the biggest deal in a
string of recent overseas investments
aimed at offsetting dwindling do-'
mestic oil supplies.
China National Petroleum Corp.
beat bids by the American giants
Texaco Inc. and Amoco Corp. and
Yuzhimost of Russia to buy 60 per-
cent of Aktyubinksknefu which is
based near the border with the oil-
rich Chinese province of Xinjiang.
The vice president of CNPC. Wu
Investor’s Asia
Hong Kong..
■Hang Sang-
17000
16000
15000
14000 -ar—
13000-
Sfngapore
Straits Times.
Tokyo
Nikkei .205
22000
21000
121100 j f i* A M J
FM AMJ
F M A M J
Exchange
Index
Thursday Prev.
'Close Close
Hang Seng
%
Change^
1-4,795.52 14,831-58 -0.24
Yaoweo, was quoted as saying that
ible
Comision Ejecutiva Hidroelectrico
del Rio Lem pa (“CEL”)
Autonomous Public Service Institution of
The Republic of El Salvador
Considering
I. That CEL is the owner of the share capital of the following
companies: Comp ah ta de Alumbrado Efectrico de San
Salvador. S A da C.V. (CAESS. S A de C.V.). Compaflia de
Luz El£ctnca de Santa Ana, SA de C.V. (CLESA. S.A. de
C.V). Distribuidora de Electricidad del Sur. S.A. de C.V
(DELSUR. SA de C.V). and Empresa Eldctrica del Oriente
S A de C V. (EEC S.A. de C.V.).
Ii Tnat m accordance with Legislative Decree No. 1004, dated
the seventeenth of April of 1997, and published in the Diarlo
Ofiaai f4o. 76. Volume 335, dated twenty-ninth of the same
month and year. CEL is enabled to transfer the shares which
represent the share capital of the above-mentioned
companies,
Therefore-
In accordance with Article Three of Legislative Decree No. 1 004 .
We inform
Tnat following the third publication of this announcement, will begin
the process for the sale of shares that are the property of CEL and
which represent the share capital of Compahla de Alumbrado
Electric* de San Salvador. S.A de C.V. (CAESS. SA. de C.V.).
Compaflia de Luz Electrics de Santa Ana. S.A. de C.V (CLESA, S A
de C.V). Distribuidora de Electricidad del Sur. SA de C.V.
(DELSUR. S A de C.V). and Empresa Eteclnca del Oriente S A de
C V. iEEC SA de C.V.j.
6th June. 1997
Second Publication
Asahi and BHP Leaving Foster’s
Compiled b\ Our Ssjff Firm Dufutrbn
MELBOURNE — Foster's Brewing
Group Ltd. said Thursday it would pay $468
million to buy back the 13 percent of its
shares held by Asahi Breweries Ltd. of
Japan, and Broken Hill Ply. said it would
sell its 36-5 percent stake in the brewer.
"This is indeed a watershed in our cor-
porate history, the re-emergence of a strong,
independent Foster's Brewing Group," Ted
K unk el. die brewer’s chief executive, said.
Asahi has been a shareholder in Foster's
far seven years, and BHP has been in-
volved with the company for more than a
decade as a result of what was seen at the
time as a defense against a possible
takeover by the late Robert Holmes a
Court’s BeU Group in 1986.
BHP said it was selling 616 million
Foster's shares — 86 percent of its stake —
at 2.49 Australian dollars ($1,89) each to
an investment bank and an Australian
stockbroker whom it declined to identify
and the rest to BHP shareholders. Foster's
also is paying 2.49 dollars a share for the
Asahi stake. The brewer’s stock fell 3 cents
in Sydney trading to close ai 2.63.
(AP, Bloomberg)
Dai-Ichi Executives Arrested in Loan Scandal
Coupled by Our Surf Front Dapurdm
TOKYO — Dai-ichi Kangyo Bank Ltd.
apologized Thursday for its involvement
in a payoff scandal as authorities arrested
three executives and a former managing
director on charges that they had lent mil-
lions of dollars to a reputed gangster.
The arrests of Tatsuo Shibuya, director
of the general-affairs department: Hiroshi
loots uroe, who was a managing director
and former head of general affairs before
leaving the baric; Takushi Manabe, deputy
manager of general affairs, and Michiy-
oshi Kusajima. a former deputy manager
of general affairs, were the first to involve
bank employees since prosecutors began
investigating loans to Ryuichi Koike, the
reputed gangster, that he used to buy shares
in Nomura Securities Co. The four were
arrested on suspicion of having broken the
law by lending money without collateral.
(Reuters. Bloomberg )
it plans to double within three years
the Kazak, company's production of
50.000 barrels a day.
But some analysts said the deal,
which calls for a 3,000-kilometer
(1 ,875-mile) pipeline into Xinjiang,
would merely add to the surplus of
oil in the province.
"Xinjiang already has more than
enough oil, which China is trying to
transport to the east," said Kang
Wu. a U.S.-based Asia-Pacific en-
ergy analyst. "The pipeline project
is a little remote at the moment. It
could take a long time to realize."
Beijing is seeking overseas sup-
plies to balance a projected annual
shortfall by 2000 of as much as 30
million metric tons of crude. China
produces about 3 million bands of
oil a day and imports 400,000 bar-
rels a day, about 15 percent of the
crude it uses.
China National Petroleum signed
two other agreements this week: a
$240.7 million contract to develop
two oil fields in Venezuela and a
$1.26 billion deal to develop the
Ahdab oil field in southern Iraq.
Oil Minister Amir ,Moharmned
Rashid of Iraq did not say whether
work at Ahdab would begin before
the seven-year-old UN trade em-
bargo his country was lifted.
(Bloomberg. Reuters J
Singapore
Straits Times -
2,043.71
2,04-7.89
*0.20
Sydney
AR Ordinaries ■
2.KW-20
2.615J9G 1
M3.45.
-Tokyo
Nikkei 225
20.4W.15 20,61 J.56 .-0.60
Kuala Lumpur Composite :
1,108.84
1.119.28
-G.S3
■Bangkok
SET
■ 548.05 .
552-87-
-0.87
Seoul
Ujmposfte Index
785,67
763.25 f
+0.32
Taipei
Stock Market index 8*231-30
&2S2.91
-0.62
Manila- V
PSE '
2,77M4
'2,796.11
-0.63
Jakarta
Composite Index
691.98
623.54
-0.22
Wellington
NZS&40
2,36 2J8
'2^57.03
+0.24
Bombay
Sensitive Index
3^73.8S
3.861.42
+0.32
Source Teiekurs
Irii-mjlti <iuJ H.-rald Tnhanc
Very briefly:
•Apple Computer Inc. will close a plant that makes primed
circuit boards and lay off 250 workers in Singapore as pan of
a global restructuring.
Nippon Credit Bank Ltd. said 33 Japanese banks and life
insurers, led by Nippon Life Insurance Co., would buy 167
1 .4 billic
billion yen ($1.4 billion) in new common shares. Meanwhile,
Bankers Trust Co., a U.S. bank that is helping Nippon Credit
pay off debt, will buy the overseas assets of the Nippon Credit
unit Crown Leasing Corp. for 75 billion yen.
• Sing Tao Holdings LtcL’s shares dropped 2.5 percent after
six of its executives or former executives were arrested by
Hong Kong's anti-corruption agency on suspicion of cir-
culation fraud. The six were released on bail.
• Kia Motors Corp. of South Korea said it was considering
suing Samsung Group for critical comments attributed to a
Samsung researcher in a report leaked to a Seoul newspaper.
• China announced 'further steps to control its volatile stock
markets by banning commercial banks from using their funds
to engage in securities trading.
• China Everbright-IHD Pacific Ltd., a Beijing-backed
investment company, raised 1.9 billion Hong Kong dollars
($245.4 million) to try to give international investors their first
stake in a Chinese bank. The company has bid to buy 20
percent of Everbright Bank of China, fl/owm/vr*. Remerx. ,\FP
Australia Slows Cuts in Auto Duties
Reuters
I C hina Signs Up With Agip
Agip SpA of Italy and China Na-
tional Petroleum signed an agree
oU-and-sas join
meat to form an oil-and-gas joint
venture, news agencies reported.
The pact was signed during a visit
by Prime Minister Romano Prodi.
The new company, Chinagip Over-
seas Petroleum BV, will be based in
the Netherlands. (AFP. AFX )
CANBERRA — Australia. Fighting chronic unemployment
and a recession in its manufacturing sector, slowed its pace of
car-tariff reductions Thursday but said it remained committed
to an ambitious Asia-Pacific free-trade pact.
Prime Minister John Howard said car-import tariffs would
be frozen at 15 percent from 2000 and cut to 10 percent in
January 2005. He said he remained committed to obligations
to cut trade barriers to zero by 2010 under the Asia-Pacific
Economic Cooperation forum’s trade agreement.
Carmakers welcomed Mr. Howard’s plan, calling it a
sensible measure creating stability for their future investment
and saving jobs.
tUAt 2
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116 MERRILL LYNCH INC PORTFOLIO
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INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
SPONSORED SECTION
SPONSORED M
LUXURY REAL ESTATE
Porto Vita, a targe new
development north of
Miami Beach, has
attracted locai residents,
“snowbirds" horn the US.
northern states and
foreign buyers who
combine business
with pleasure.
On both sides of the
Atlantic Ocean, the hooey
real estate market is
healthy. Perennial favorite
locations, of course, have
not tost then luster.
to addition, there are new
“hot” properties and old
ones that are making
a comeback.
Pick of the Lot*
:T * ■
In Central am>* vj ; . p A n i :
Eastern Europe ’ 5 |N
O 5 «%.
Prestige and investment security combji& to fie I
the market. “,r
B oth the demand and You can’t ckw^bc^optr.
supply sides of the ties providing, WHQraife5i;ni
maiketfor luxury real the Alps or -wsgi>
estate in Central Europe are footage. This bua£j
+ 0
?of y
•'At'-.**'*** .
bubbling. Largely impelled
by money from Russia, the
demand for high-priced ski
chalets, metropolitan pieds-
a-terre and villas of all de-
scriptions is brisk, with none
of die softness reportedly be-
ing experienced in some oth-
er markets.
The supply is equally
strong and showing an ever-
greater diversity. To give one
of many examples. Ham-
footage. This buik-in scarcity
of supply hask^foeaaiket
for luxury real estate relat-
ively strong,” says "Andreas
Kippes, spokespeson for the
Bavarian chapter of Ring
Deutscher MpfcJer, Ger-
many's association of pro-
fessional realtra?. —
This scarcity^ is due to
simple demographic pressure
— Germany, Switzerland
and Austria are densely pop-
ulated — as well as uhra-
burg's market for high-priced strict zoning laws and restric-
reaJ estate is featuring a new tions on the ability of for-
profusion of striking avant- eigners to acquire property
garde and Jugendstil (Art <m Switzerland and Austria).
Foreign Buyers Flock to United States’ East Coast
Even when demand outstrips supply. American property is a bargain. Europeans, Asians and South Americans want a share of the action.
T he boom is back. After years of recession and re-
trenchment low inflation and a robust stock market
are luring buyers back to the real estate market At the
luxury end of the scale, no end is in sight for the boom. Nor
is it confined to specific areas of the country.
“We’re seeing increases across the board in the United
States in almost all markets." says John Weisz. managing
director of Jones Lang Wootton Realty Advisors, a world-
wide consulting firm.
Mr. Weisz is advising investors to add high-end multi-
family units Li their portfolios. He says that the condominium
market is so strong that it has broken free of the stock market
in recent years.
“In general, multiple dwellings are a very favored sector
by institutional investors.” notes Mr. Weisz. “but we make a
distinction between high-end multiple apartments and run-
of-the-mill ones. We think the better investment is in die high
end.” The financial security and mobility of the aging
population is another factor chiving demand.
“There is a fundamental demographic shift in the United
States that favors people 45 and over, who have much more
money to spend on housing." he says. “These folks want to
simplify their lifestyle”
Downsizing
So-called empty-ncsters — owners of large suburban homes
from which the children have moved out — usually want a
smaller home or apartment and have made so much from the
increased sale value of their current home that they can spend
quite a bit more for their new home.
“Whether a condo or rental, the demand is driving the
market for faster than developers' ability to oversupply the
market in the future." says Mr. Weisz.
New York, Mr. Weisz says, is in a category of its own
because so many foreigners want to buy property there.
Miami is another city that attracts foreigners.
If any markets are showing a slight weakness, they are
Sunbelt cities like Phoenix and Atlanta, which built up
quickly. “In fast-growing Sunbelt cities, there remains more
supply than demand to rent all units.” notes Mr. Weisz.
New York is particularly susceptible to fluctuations in the
stock market. Currently. Wall Street bonuses are fueling the
market to the boiling point. “We don't have the kind of
hysteria we had before the stock market crash [of 1987] and
the recession.” says New York broker Clark Halstead. “This
time, it's not investor-driven. This is a period of renaissance
in New York: People are hiring; more people want to stay in
the city; there are very few new units.”
Demand has driven price inflation. The prices of rental
apartments got so high that people started to buy studios and
one-bedrooms instead of renting them, creating a trickle-up
price increase.
“They have a better act now.” says Barbara Corcoran,
who heads the Corcoran Group at Greentha! Residences. “In
the early 1 980s. people bought with their hearts: now they’re
taking the extra step of justifying it with their heads.”
Ms. Corcoran also cites the “tremendous shortage of
inventory* 1 and the “much greater number of buyers than
sellers. In that way. it's exactly like the early ’80s.”
condominiums. One factor is the difficulty ofrenting a co-op,
versus the no-restrictions policy of condos. (A recent court
case in which a mixed-race couple successfully sued a co-op
for discrimination may change the situation somewhat, but
New York co-op boards remain infamously secretive.)
Families are moving into big apartments, says Joyce West
a senior broker at Charles Greenthal & Associates/Green thal
Residences. Empty-nesters and young couples, in contrast
are looking for smaller, well-located apartments.
Condos" appeal to empty-nesters and non-New Yorkers
who want a pied-a-terre in the city. Trump International Hotel
and Tower is one of the few new ultra-luxury residences that
is able to capitalize on the preference for a condo. The
building also represents the height of another trend —
offering hotel-style amenities in an apartment often by
combining the two in one building.
“We can send a private chef, or arrange flowers or a
party." says Rudy Tauscher, the building's general man-
ager.
Nouveau) mansions and
lofts, the latter being con-
verted factories and harbor-
side warehouses.
Says Alfons Metzger,
head of the Vienna-based real
estate group of the same
name and president of the
World Federation of Re-
altors: “Central Europe's
market for luxury real estate
New source
Urban redevelopment thus
represents tire only source of
new luxury real estate. For-
tunately for cities like Ham-
brag, foe restored buildings
currently have strong appeal
for foe most powerful pur-
chasers and renters on the
market software and con-
rw ****
isn't undergoing any major nectivity service providers,
changes. We're seeing, and law and accounting
rather, a continuation of pre-
vious trends.”
firms.
“One of the most inter-
Referring to foe growing esting trends is how foe 'In-
supply of property, Mr. Met- dustrial Age romantic' has
zger says it is “graphic ev-
idence of how tight public
sector and private finances
become associated with high
technology and how banks of
computers and other com-
contmue to be. The sellers of munication devices nestled
such property are often city between red-brick walls and
Co-op vs. condo
In New York, the most exclusive buildings are co-operatives,
but these are unpopular with investors and foreign buyers
because of their all-cash restrictions and financial-disclosure
requirements.
According to Ms. Corcoran. New Yorkers today favor
Beauty and the beach
Miami, another market heavily influenced by foreign buyers
(with attendant price inflation), tends to' be dominated by
Latin Americans, who have come out of a prolonged re-
cession of their own.
Developers are advertising their projects heavily in
Venezuela and Brazil to meet foe pent-up demand of buyers
who just recently were allowed to transfer money out of their
countries.
The Pinnacle, Porto Vita and Hidden Bay are all huge new
developments north of Miami Beach. Buyers range from
governments looking for a
quick fix to improve their rev-
enue situation, or architects
and developers forced to raise
capita] or pay the bills by
selling their own homes.”
Best panoramas
Hamburg's recent announce-
ment that it would redevelop
under high ceilings has be-
come one of foe most com-
mon sights in our better urb-
an quarters, says Hartmut-
Manfred Scharf. a well-
known architect who is based |
in Worms.
“There are, of course, em-
inently practical reasons for
this popularity. With their
?j*A*
100 hectares (247 acres) of amplitude of space and their
its harbor area into a high- ability ■ to support gren
Continued on page IV
end residential, office, tour-
ism and shopping complex
illustrates the fundamentals
governing foe market
“There are only so many
A-l areas in Central Europe.
weights, it's almost as if these
19th-century factories and
warehouses were built with
the late 20th century in
mind, "he adds.
Terry Swartzberg
For sate m Sintzedand near Beme
SPLENDID
18TH CENTURY
COUNTRY HOUSE
Mom budding «mh about 500 m2 of liwna
area, underground cai pari, underground
iwimming pod and prry roam, fame
pari and garden wtih aiwent trees. coom
3*4.000 m2 d land, wary goad condihor
berdenng farm laid and «ifloge
OUTSTANDING PH8PERTY
ST-PADUE-VENCE
Owner sails 350 sq.m, house under
consrucUan (reduced KnottonX pool or
2.500 sq.m . beautiful environment,
view at vtoflB. Sft. 1.1 mlllon + fen bn
about*. 350000.-.
Phone office +41-22-339 3040
Fax +41-22-839 3050
BEBKSHDES
STOCKBHDGE, MASSACHUSETTS
Exquede estate, caca 1991
featured in leading magnates.
80 aoes, views. Tangtetnod ktosc
FasWaJ, opera, dance, maetre. sking.
2 1/2 hrs. NYC/Boston. £2.3 mlion.
Cotwi 1 HMti AaeodtUB*
Tat (13437-1088 Fat 41M37-4487
GIRONDE
Only 20 ton east Bantam farmer ISO* cam.
prtoiy dmod enMy Morel 13.000 sqm
ol grounds plonled with century-old trees.
New roof ((5sq.m.. Interlour courtyard
580sq.m.. separate canto tar's oafeoge. 13
i ha at grounds Including 2.7 ho wlneron!
produriw on AOC-uwled wfew. Meoaows
aid woods. S800.000.
I wfew. Meoaows
f Near Geneva, '
on the region of CHvome (France),
high dass residence of 350
sq.m., modern architecture.
Price: FF 7,000,000.
Tel + 33(0) 4 SO 40 SI 81
V Fax (0)4 50 40 80 98 y
PARAD ISE ON H EARTH
BANYULS wr MER - FRANCE
BeotriJ Canton M as wfldoakmg medrie r-
renean, oxcaptoncd sbo and mounton
Hamburg at its best
Stadtpalais am Wasser
For safe in Luieaen near
GSTAAD
views 30 teas Rawer oaport. 10 bn fa
Span Costa Brava. 27 ha wooded site,
garden, seduded an hilltop above unspotted
vBage, fcswdis. cows, wreyor* Bestd-
«ale m Franca Bta Inrrg roan 4 bed-
Pleas* contact.
Noner Blatter Davidolf & Fanner .
Hans Leonz Nona re Dr . Michael
Bolt . Sdmuencttse ■>, 3001 Berne .
Phone ; -41 31/312 33 12
Fat -41 31/311 fT 4*»
Hear SAINT-GERMAIN-EN-LAYE
WEST PARIS - OLD PECO
GORGEOUS 300 SCLM. PROPERTY
ISOTHEBYS
restored. 3,000 sqjn. garden.
4 bedrooms, huge faring, trine ceflat.
Bred access shops. US$1 MHan
Tel.; OWNER +33 (0) 1 34 51 67 00
South qf France
Pays Varois
1 hrs Saint Tropex, 2 hn Monte Carlo.
FuB charm or Provence. Villa on
nilwjfaJmp^nabie view, 330 sqjn.,
said reody to none in.
Fax; +33 | 0 | 142223784
r International Rraitv
j Indian Creek Island
2- Acre Waterfront Estate
Most Secire Arf.v Ln S. Florida
Taw+Storv Li m r\
Pe.nthoi.5E
Wide Bu -$1500000
OCE VNFRONF PENTHncSE
1I.000SF+ 10.000SF Terraces
$2.900000
Wide Baa Estate
Neva & Romantic SI , 690JNHI
Cniui. CAROLYN MILLER
Tel
Fix i-?05-s6?-<''Ti
PARIS
Rare, on garden level near the
Buttes Chaumont park, an
atelier apartment in duplex.
11 7sq.m.. great layouL with
100sq.m. pmatc garden and
parking.
2 bedrooms on 1 st flew lof
which one is mezzanine!. 2
bathrooms. Facing south in
greenery, sunny and calm
Brand nexv.
Price: FF2, 1 00.000.
tQirnrrl
Tel: — 33t 0)1 43804602
or 0609453733
Only 300 m
from the Sceaux - Robinson
RER station, in a priviledged ]
discnct. this early 20th-cen- !/
fury house resides In an
300 sq.m, enclosed garden. ’
AMCCT LAKE ( Alps )
40 In town
PARIS
NEUDXY
Between Etoilc & La Defense
PRESTIGIOUS TOWNHOU5E
plus gucsi house
about 700 sq.m.
Superb garden with trees
Ma ids' rooms - garages
FEALI TeL 01 47 45 22 60
NEULLLY Fax: 01 46 41 02 07
IT 3 m3 Bon.
TeL +33(0)4 68 88 33 79
Fox: 68 88 53 82
One of rbe most exclusive pri-
vate buildings in the City. Built
1896. approx. 976 sqjn tool
floorarea. many old siilistic ele-
ments: The beautiful and sunny
garden is leading down to the
wafer. For further information
please contact:
J.L. VtiJckers & Soho RDM
Telephone: + 4940-32 10 II 26
Telefax: +4940-32 10 1] 49
Uniquely dimed chdei wifi
panoramic view. Traditional wood
ond stone conshudion. Inring+oom
with panonxnic view, fireplace and
galena. diningroom. large fcadwn
A. I
wA sittinq area, 6 bedroom* eodi
with boifi or ctara and toilette.
450 m 2 fivna space, 2 garages and
300<Si'b*jilatrg Iona
Please contort:
Natter Blatter DaridoS ft. Partntt
Hans Leons Notret or Di. Mi dud
Bolt, Schwanatssse 9, 3001 Betne,
Phone: 4131012 53 12
Fax: 41 31/31107 49
fWAM RES.
: E f NUI
Fax: 41 31/31107 49
’ ** ’Trere Isv*' Saji I* ie%-
r a t, ^ .
Iffralb^SSribunc
to
operty 3,800 sqjn, swimirtng
ped-baineo. 6 rooms,
THE WORLD'S PMUT NEWS PAPER
New heating, electnclty, gas.
floor tiles and plumbing.
Sitting room,
dining room,
study.
4 bedrooms.
separate studio apartment
2 bathrooms.
2 shower rooms and
laundry.
Cellar. 3-car parking.
WILL I_A M _P I J1X
IJ\UR\ r rk(>IM:RlIKS
I N T i l i fj A 1 I O M A L
PICARDIE
The Classic French Estate of Rosalie and Joseph E. Levine
Greenwich. Connecticut. USA. Created without compromise, this classic Valerian Rybar
iKrme is an afchueaural iour-de-foxee from its sweeping staircase to the meticulously
detailed mill work With elaborate public rooms, spectacular master suite, 6 bedrooms. 5
fireplaces, exceptional poolhouse and more, this grand estate offers 435 linear feci of
waterfront with a d«p water dock. A ran? treasure. Shewn exclusively through
Jean Ruggiero. 001-203-869-9085. extension 316
Patricia Bl . Barry . Executive VP , Luxury Propartlas International
001-203-637-7488 - http :// willlarnplU.com
BURGUNDY
FRANCE
Stunning estate an 40 acres I
6 min. from Dijon center
Access by airport. TGV train
(IhiO from Paris).
Documentation available on
http://www.defneure5.
com/hlmJ/5 enJbtm
Near St Tropez
. . this Renaissance
. . style casrte oSets
* A 2 °' g °° *9 h ln
jy need oi renova-
C I tior and to acres
fc pT* '4H p lamed with rare
sa gT « . | y- M century-old trees
jjg Surrounded with
numerous out-
buildings ill. M 0
sq ft) including a
Roman house. ’ villas, greenhouse and
aviary Many possibilities
A ANCLE IMMOBIUER
ftlrati 7 place Vidor Hapi
ft 000 GretoMe
■VHP TeL +331014 76 47 OS 19
Ftu tOM 76 47 67 66
EXCEPTIONAL: iXornuod Etat 2-i tun from Lvrrai and 10 Lm [rum 1W
31*r»®+ bower nuirHi uan4'<winnJ. 301
aniunj: 2 ilioin- more, lounge. 5 bedrwtan.
^ lirvplairs rnurjl b»-jiia^. .nimminp pool kjiifwfl
l“ ft U>- - L -TO r-lalr: Urnt<-jprtt 'rounds, pi-
■ " V ^ cn '- nuvtaLrr"- nonage. Prfrr Lo millions FF
/ Phon« 33 10)1 13 77 4S (French SpcatoTl
■ *** I’aijis dr Justice dr INmtoisc
ABLE1GES GOLF COLRSE
Uocation la Prairta et le Parc* in the
town of Abletges {95). Golf eoume plus
, L V* *|grTrfl te sevsfatcommarclal buildings with polyva-
.■ lew use.- starting price: FF4.000.000
S -. Deposit: FF200.000
' PteflSe SCP RONZEAU.
*■ duret-proux. aianou-fernan-
W DEZl haese - Lawyers in Pontxse 195)
>0^ -4 45BsiW rta i - . > 30. rue P. Butin. Tel. +33 [0)1 30 30 34 34
IWte Frida ? Jont 13 th . 1997 front 9 to li 2 nan .
AE8L ESTATE ADCTIAA SALE hi tbe Palais ds Jasttcc dc u
on Thursday lune 1° th. I«7 at jp m . ONE LOT
NEUILLY-SUR-SEINE (92) - TOWNHOUSE
22-2i-2a. boulevard d lnlcermann. on about 2.700 sq m. grounds
1 storeys on basement plus anlc, appro«mate'y I .on sqm living space’
automobile shed and chapel
STARTING PRICE; FFI6, 000,000
Contaa. Maitre AM IAUDON. Lawyer. Baneau des Haut+de-Seme
27 bis. roe de I'Abreuvolr. 92100 BOULOGNE. Tel +ii (Oil 482* 74 14
Maitre Olivier GR1SONI. Lreyer. Barreau de Paris
I J. avenue du Pr-W|kon. 7S| to Pons. Tel «|| 1 4721 48 4U
Record office of Tribunal de Grande Instance of Nantene
Visit of premises with Maine Frederic NADIAR. baitiRat Neuilly-sur-Seine
IS. av. Charievde- Gaulle. Tel- iui I jy 88 Q| uj
on Monday June 0 G lb. |4Cf70;3Q till tl 10 am
If you would like to receive further information on any of the advertisers
who appeared in our Luxury Beal Estate Sponsored Section, on June 6,
1997, simply complete this coupon & send to:
The Internationa l He rald Tribune
c/o GABLE MARKETING LTD.
St Mary's Mill, Chalford, Stroud,
Gloucestershire, GL6 8NX, En gland
Fax: 44 1 453 886 287
E-mail address:john@gable.star.co.nk
*■ *■ fuw
r i s r -ij.
' ■***+*+> Hi
Austria
1. Reichspfarrer G jiLbJi.
France
2. ArmecyLake
3. Banyuls sur Mer
4. Buttes Chaumont
5. Burgundy
Tickbox
□
Germany
17. JJLVolkezs&Sohns
U.SJL
18. Begg, Long & Foster
19. Ghace & Friends
6. Gironde
20. Cohen & White
7. Golf d'Ableigas
8. Near Geneva
9. NeuiUy town house
10. Normandy Estate
11. Paris NeuiUy (Feau)
12. Pans (Philip Hawkes)
13. Pays Varois
14. Sceaux -Robinson
15. Saint-Germain enLaye
16. Sainl-Tropez
21. Fortune House
22. Hidden Bay
23. Island in Western Blithe
24. Parc Somerset
25. Pinnacle
26. Sotheby’s Ini'! Realty
27. Trump Inti Hotel & Tower
28. William Pitt Real Estate
Name:
Title:
Company: .
Address: —
City:-
Country —
TeL-
e-mail: —
■ n 9-9 ltm:- — fte
•r-.iMrsamv^qUi
0606-97
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INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6, 1997
SR; OF the Lot
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LUXURY REAL ESTATE
Indulging
Fantasies
In Paris
No Stinting on Swiss Quality
When it conies to luxury, people in this coitntiy know how to build it into' every detail.
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Jerri M»irSK
In this market, views of the City
of Light make all the difference.
B uyers of prestigious homes in
Paris routinely expect vast liv-
ing space, superb building qual-
ity and a high-profile address. What can
really make the difference when it
■ comes to clinching a sale is a pan-
oramic vista across the city, the Sine
and famous landmarks like the Sacre-
Coeur basilica and the Tuileries Gar-
dens.
“Foreign buyers are coming back to
■ the market and what they all want’is a
picture-postcard vignette of romantic
Paris,” says Philippe Chevalier of die
Feau SL Germain agency. The Italians.
1 English, Americans and Swiss are
among the most active searchers.
Visit the Marais quarter, for instance,
■ and inspect the arcaded Place des
Vosges. Here, you may be able to pick
up an apartment in the Pavillion du Roi
or the Pavillion de la Reine, which face
other from opposite sides of the square
across a central garden.
Or you could try for an island apart-
. ment on one of the quays of the Ue Saint
Louis, with a view of Notre Dame
■Cathedral and some of the oldest
bridges in Paris. At night the flood-
■ lights on the bateaux mouches tourist
boats will light up the 17th-century
facade of your building and add a soft
glow to the intricately hand-painted
roof beams on your ceiling.
On the steep hillside that commands
the western approaches to Paris, the
commune of SL Cloud has a select
cluster of single-story houses that sug-
gest the sun-beaten expansiveness of
1970s California more than the grand
1 boulevards and jigsaw-puzzle rooftops
ofthe-French capital. One of these is for
sale by its owner for 1 2 million French
- francs (S 2.2 million ).
- Look out from the terrace swimming
pool or through one of the (almost)
ceiling-to- floor windows at dusk. You
will enjoy a view that sweeps high
above the treetops of foe Bois de
Boulogne to a sunset showing a sil-
houette of the Eiffel Tower, as well as
foe city's domes and other monu-
ments.
- Tight building regulations have,
saved most of Paris from domination
by .tower blocks. This, means that buy- >
-eis of well-placed luxury apartments:
' only five or six stories from the ground
. can often obtain spectacular views.
* Consider, for instance, the historic
Butte Montmartre, the city’s highest
; vafttfigff point. -In foe last century, it was
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S witzerland has some of the most
magnificent scenery in Europe. It
also has fine art collections, out-
standing restaurants and branches of
foe world's most luxurious shops. It
should come. then, as no surprise that it
also has some of the world’s finest,
most imaginative and highly exclusive
private properties.
“Swiss properties have high value
because, by and large, they retain their
value and are much in demand by
individuals who want to be in a crime-
free area with good schools, sports
facilities and other amenities while, at
all times, being close to a major air-
port." says Denis Burrus of de Rham
and Company of Lausanne.
Of course, political and economic
stability contributes to foe popularity of
Swiss property — and to its good value
for money, but real estate in Switzer-
land has always been expensive. Land
is precious here, especially building
land near municipal areas.
Foreigners have long been attracted
to Switzerland as a residence, and the
government has instituted strict reg-
ulations regarding the purchase of
property by non-nationals. Property is
available, however, in many resort
areas for purchase by foreigners.
The rules regarding purchase in or
near cities like Zurich. Basel. Geneva
and Lausanne are being reconsidered
— especially at the high end of the
market.
in the $10 million range and try not to
worry’ about the cost of upkeep.
The modem, the mountains
Prefer something more modem? How
about a stunning' nearly new' house set
in foe countryside with views of the
Jura mountains. Lake Geneva and the
Alps? The two-story winter garden has
a flower-bordered terrace.
The house is built on an open plan,
and the entrance hall, dining room,
main reception area and staircase all
flow into each other.
Fifty guests would hardly make the
reception urea feel crowded, but there is
also a cozy sitting area and a study.
Naturally, every bedroom has its own
bathroom. There is a separate apart-
ment for staff and garage space for at
least four cars.
If you want to live in the mountains,
there are tew better choices than a
residence at Le Hameu in Verbier. This
town within a town has some of the
world's most luxurious properties, all
built in traditional Valais style.
Or you can go to Gstaad. where the
Palace Hotel has been building new
chalets with apartments overlooking
the village. Room service and maid
service from the hotel are available.
Prices? Well, as J.P. Morgan is said to
have replied when asketi about the
price of a yacht. “If you have to ask.
you can’t afford it.”
Swiss secret: bargains
As in any market, there are. of course, a
few bargains to be found. The catch is
that they are rarely in municipal areas
In small villages 15 or 20 kitometers (9
to 12 miles) outside of town, you may
w-ell find an older property — either in
good condition or ready for remodeling
— at relatively reasonable prices.
Sometimes, large houses are available
in these small towns.
The Swiss are not accustomed to
long-distance commuting and prefer to
live near foe workplace, which explains
why these out-of-town locations are
available.
Barry Edgar
K-'?S " '
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Largely free of higfaises, Paris itffordssonw spectacular views from Iwcuiy apartments.
favored by artists seeking foe light.
Today, residents include celebrities
seeking anonymity.
' Restored 18th-century farmhouses
dinib up a hillside once dotted with
small windmills and carelessly fenced
vegetable gardens. The 19th-century
artist Eugene Boudin — best known for
his paintings of sedate Deauville
beaches featuring ladies with gauzy
parasols — used to live here. His home,
complete with atelier, commands vast
views across Paris and is on offer at 6.5
million francs lAgence Immobilize
Caractere).
Classical tastes
Or maybe your tastes turn to something
more classical. In this case, a 400
square meter (4,306 square foot) du-
plex on. foe. sixth and seventh floors of
an' ultra-smart 1930s building looking
out across the Champ de Mare may be
exactly what you are looking for.
The Agence Garcin is offering this
property for 25 million francs. The
same agency will be delighted to show
you a penthouse on the tony Avenue
Matignon with 300 square metere of
terraces at an offer price of 40 million
francs.
Another example is a 330 square
meter duplex apartment on the Rue de
Rivoli with views across the Tuileries
Gardens for 60 million francs (IMF
Immobilier).
How about a sumptuous 18th-cen-
tury private mansion in the Faubourg
St Germain, from which you can look
out onto your own walled garden on the
ground floor, then climb to the top of
foe house to admire the view through
foe dormer windows in your Mansard
roof?
The property is being marketed by
Daniel Feau Conseil Immobilier-Les
Belles Demeures de France. Buy this
one and you will follow an interesting
line of residents. Previous owners in-
cluded fashion designer and art col-
lector Hubert de Givenchy and con-
troversial businessman-curn-politician
Bernard Tapie.
Michael Rowe
; ^
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A dream come true
Nevertheless, for those w ith foe means,
dreams can be fulfilled. How about a
circular house built in 1802 that has
been completely modernized, is set in a
25-acre park and has a gatehouse,
stables and farmhouse for staff?
Known as La Gordanne, the property
overlooks a lake and is but a hop, skip
and a jump from Lausanne and only 25
minutes from Geneva airport.
La Gordanne is a classically formal
neo-Palladian villa and would be a top
choice for any architectural aesthete.
Because of its circular construction,
many of the rooms are oval-shaped.
The central hall climbs three floors to a
glass cupola. The cellar houses an oval
winter garden and a stunning marble
bath suitable for those whose tastes
lean toward Roman splendor. Virtually
every ax>m has its own fireplace.
Just off a delightful oval morning
room is a handsome terrace flanked by
Ionic columns. The room overlooks the
lake and has views of France and the
Alps. There is also a well-kept or-
angery. and the stables are constructed §. i;
in a semi-circle. c f
The price? Well, it is most certainly
negotiable, but it would be wise to think La Gordanne is an aesthete’s dream. Wem of a lake and the Afrs come with the territory.
— • ' ... ~ - *' \ ■; *
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LUXURY REAL ESTATE
To Buy or to Rent in France and Italy?
The laws governing 'property tend to he decisive factors — in addition to the perennial location factor, of course.
The Gwendolyn Cafritz Estate
2301 Foxhall Road, N.W.
Washington, D.C. 20007
10.56 Acres
Offered at $ 9 , 950,000
John Vardas
3D1-S97-9681 DIRECT
Inquiries
Please Call STEPHEN VARDAS
202-965-352S DIRECT
BBGG
$UKtnaHr
202-944-8400 Ext. 238
I t may be the best of times or die
worst of times to buy a luxury
property in France or Italy. It all
depends on your point of view. Are
you buying a principal residence or a
second home? Will you be a per-
manent resident or a vacationing for-
eigner? Are you eyeing a new con-
struction or a bourgeois-style tum-of-
the-century residence?
Christian Musset commercial di-
rector for luxury developer Coged im.
says this is an ideal moment to buy
top-quality real estate on die Cote
d’Azur. Prices at the top end of the
market have stabilized, he says, so
there is little point in waiting in the
hope of finding a better bargain.
Prices are down considerably from
the over-inflated rates of several
years ago and are currently “the low-
est ever in this range.**
As for the rental option, he says
that there are very few world-class
properties available to let. People
who own such real estate tend to use
their homes or leave them vacant, he
says. “You wouldn’t loan out your
Rolls Royce. would you?” he asks.
Cogedim’s recent track record
supports his arguments. One luxury
project on the Croisette in Cannes
sold out in three months, in spite of a
67,000 franc ($11,640) per square
meter (10.76 square foot) price tag.
Another Cote d'Azur project in
Menton, near Italy, is moving quickly
at 30,000 francs per square meter, as
are villas at the Royal Mougin Golf
Club, an enclosed community with
high levels of service and security.
Buyer profiles
Buyer profiles an? different for all
three locations. In Cannes, 60 percent
of Cogedim's Croisette buyers were
French — mainly people about to
retire, who planned to liv.e six months
a year on the Riviera.
In Menton. Italians constitute the
overwhelming majority of buyers.
These clients can be expected to use
their properties about three months a
year. Mougin’s golfers — including
rriany Germans, followed by Italians,
Swiss. English, and Dutch, as well as
a few French — consider their pur-
chase a vacation home that may be
used eight weeks annually.
Buyers have in common their af-
fluence and an interest in new prop-
erty (less than five years old).
New homes mean significant sav-
ings on the purchase price in France
because notary fees are only 2 per-
cent. In addition, buyers enjoy a 10-
year guarantee on the construction. A
property more than five years old has
notary fees of 8-10 percent of the
purchase price, plus caveat etnptor
for the construction.
The Perrissol law. passed last year,
encourages the purchase of new
apartments.
“The law facilitates amortization
of apartment costs if the apartment is
then rented” explains Christian
Bo vis of Agence Bovis in Beaulieu.
“It was intended to lower the stock of
new properties on the market”
Although .the law was meant to
help middle-class renters as well as
builders, it is also advantageous to
affluent investors. One -third of Co-
gedim's Croisette buyers took ad-
vantage of it, notes Mr. Musset.
Italian rentals
In Italy, there has been a tendency to
rent luxury dwellings in recent years,
says Giorgio Vigano, whose
eponymous agency represents
Sotheby's in Italy. "But the laws here
are still an impediment,” he says.
Rentals are very attractive for ten-
ants because laws have traditionally
favored them over .die landlord; j I
Rents are set by law and are hard to « \
raise, and it is difficult to evict a ! \
tenant even if the rent has not been *
paid for months. . \
Five years ago. a law was passed ’
enabling landlords to rent out prop- !
erties at closer to real market prices, 1
provided that certain conditions have >
been met.
According to a spokesperson for •
the Milan-based law firm of Dobson !
& Pinci. the market has reacted pos- ■
itiyely to the change. Mr. Vigano 's *
agency offers buyers — about half of ?
whom are not Italian — Wp Hideal-j
ing with architects and rcnovatkm&asl
well as with legal requirements. ' j
: The market today is better than itj|
was a year ago for sales, says hfcfi
Vigano. and at the high end they haveS
stabilized for the first lime in she*
years. While luxury apartments 4 ^*
town are fiat, by the sea “things
picking up for really good properties, , i'
villas rather than apartments, with a
superb view and a location right on
the waterfront. ” These are often ren- • |*i
ovated properties in ultra-exclusive ' i|
areas such as the Costa Smeralda in
Sardinia. Portofino on the Italian
Riviera or Venice. Cbtudia FlisT. *
Hor: Till a
\tk
Tin: First & Only 5 S tar
Condominium on Miami Bi acti
\ ill slnty Ionov with She amonitii". ut ,1 .
I'l.inJ U".mU I vi’n : At > Ivdioom it'Cilauv ./ll'i ''j.!
\u'vw horn Si'll, iMO (o , J j.. 'i
ova S million. ih'oluT 1 * ucKomco. z ® L . i ^
l oil Mi. iMKlncmy. Ml -. aOMI^-SM’iII
Washington D.C
LIVE IN SPLENDD ELEGANCE
HIGH ABOVE THE CAPTTALCnY
Veiy large, new condominium residences with
panoramic terrace views.Superb services. Swim, tennis &
health club on gated 18-acre preserve in exclusive
Chevy Chase. From SSOCs to over $3 million.
Pardoe Real Estate Inc., exclusive affiliate of Sotheby's
International Realty. 01 1-301-657-9494.
Adirondack Paradise
on the Bay
■ |' V" fr* -• 'IP
' -
M '-jiiimi
> U .IBL*
Miami's famed Bbxckell Avenue.
Bax views. Low $100 i s.
The affordable luxury condominium
with the most coveted downtown
address. Perfect for visiting executives,
Pied a terre, income opportunities.
Call 01 1-305-373-8882 uromi. from*, t* rmch.
Developed by Terrcmark.
North Fork, Southold \
Long Island, New York
Secluded compound. Massive 1930*8
Adirondack lodge. Extensively renovated.
Beach and deep-water dock. Six private
acres minutes from the Hamptons.
Brochure and video available. Spectacular.
■ - % t-
Parcl^^inetset
www.parcsomerset.com
[ Chace & Friends 1 ™*
v » ■ 1 1 e i « . t • llc J 203-861-5804 fax
Strategic Marketers Worldwide Equal Housing Opportunity
;.g‘
Vkst.
Never before, and never again, have residences been
available so /ugh above Central Park West.
These hnmes- in rhe 4^' are as breath takinc as their views. For those who seek to
nind themselves wirh the finest of everything, there may never he another
chincc.
This contemporary landmark ofteis its residents a spectacular location; Jean-
Genrges, the new sijjnamre restaurant of New York's most celebrated chef,
Jean-Georyes Vonyerichten; and an unsurpassed array of services and ameni-
ties including an extraordinary, state-of-the-art fitness center, with an indoor
swimming pool, saunas and steam room, and a full service spa.
The residences at Trump International are now ready fur occupancy,
and are priced from $9] 5,0C0 to $3,100,000. The Penthouses arc priced
from 55,400,000 to $8,375,000.
The Sunshine Group, Ltd., Exclusive Marketing and Sales Agent.
One Central Park West, New York, NY 10023
{212)247-7000 fcx(212)664-193 6 Y m
Broker Pnrticipnoon Invited.
For Hotel reservations call: / '
(212) 299-1000 or (888) 448-7867
, m
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Ocean. Bam Beach.
And Underpriced.
The best selling waterfront condominium in Miami's famed Aventura
community has everything but high prices.
Marina, golf, spa and tennis. All in a 24 acre gated preserve on the bay.
With Miami's best shopping next door,
it's no wonder buyers from around the world have made this Miami's fastest
selling address on the wafer. Now under contrudion. 1 , 2 & 3 bedroom
residences priced from $200,000 to over $600 000.
Ca:l 011-305-918-9988. Brokers welcomed.
A#
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tVvipul t ^ The Trump i trejnearan. The lufanthCtapinji jnd General Eleanc Tcnaua Trust
Thfoimritie k4*rr*t;irnift.OTin jt Onm? ftm jybLiHc ln«n thrSfiroje.
ttV ip.’ [tLiIffd to the Lvli jnJ rforr 7 jvJty for dn J unt re nr of eqral kvime a f^ x ‘
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nv;/n*nnim m irtueh rhae jm no hotumi uKanms BAttunj because af raa. oJnr, rtbfim, ra,
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AVENTURA'S NEW WATERFRONT RESORT COMMUNITY
i.lvV. .
Afs'D Italy?
LUXURY REAL ESTATE
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Auction Houses Are Major Players
Customers of Sotheby’s and Christie’s want one-stop estate shopping for houses and their contents .
Adirondack P;
on the Ba
What’s Hot: The London Market
Prices ate moving upward, and the boundaries of prime teal estate are moving outward
Sortb fork, Sou
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Sr winded utar.i|R»u::ii
AvlitfmXtxk I* Mr::
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E arlier this year. The
New Yorker magazine
concluded that Lon-
don was the “hottest" place
in the world, and Tatler, Lon-
don's top society magazine,
reported that properties at £ 1
million (SI. 6 million) had
virtually disappeared from
die London market, leaving
dozens of customers high
and dry.
While London did not go
into mourning for the poor
little homeless rich, the re-
ports were taken as an in-
dication of how stretched
London's luxury market has
become. The main side-ef-
fects are a branching out of
London's prime area into
some inner suburbs and an
jnprecedented boom in new
building in the capital.
Large center
the world takes another
ook at London and likes
A-hat it sees, property prices
in central London continue to
soar, with rises of around 8
percent recorded by agents
Savills since the beginning of
1 997. The definition of “cen-
tral London" is also becom-
ing more flexible: Prices in
Battersea and parts of Dock-
lands. for example, are rising
as last as those in Belgravia.
Saxills’ latest survey
shows that enormous demand .
from buyers all over the world
and an acute shortage of prop-
erty on the maiket is a heady
combination for house prices.
Yolande Barnes, head of re-
search at Savills, says the fig-
ures represent an increase of
19 percent since March 1996.
Even more striking is her
analysis that if the trend con-
tinues. the total for 1997 will
reach 35 percent — the
growth rate last seen in the
line 1980s. This forecast is
well ahead of the national fig-
ures for Britain as a whole,
which predict no more than a
7 percent rise year-on-year.
The findings are con-
firmed by London Residen-
tial Research, which found
that more than half of all new
homes built in central and
inner London are being
bought by foreigners. The
presence of international
buyers ranges from more
than 75 percent in Kensing-
ton and 70 percent in West-
minster to 40 percent in Is-
lington and Docklands.
London Residential Re-
search Director Geoff Marsh
predicts that the enormous
imbalance between supply
*md demand will continue
“over a 1 0-year horizon."
In the new building mar-
ket. 35 percent of buyers are
from East Asia, mainly Hong
Kong and Singapore, and
many developments are sold
sight unseen. In the second-
hand luxury market. Far
Eastern buyers make up only
7 percent, as do buyers from
the United States, while
Europeans (including East-
ern Europeans) account for
14 percent and people from
Africa (mainly Southern
Africa) and South America
for 8 percent
Buyers are also getting
younger. People in their 40s
buy 42 percent of the prime
London real estate, but
thirtysomethings have taken
a remarkable 30 percent For
new developments, the av-
erage age of buyers is even
lower.
Going fast
In the crush to grab what little
becomes available, 93 per
cent of all private homes
completed in 1996 were sold
before the year ended; many
were reserved before com-
pletion, some even before
building began. This' is
something the London mar-
ket has not seen for nearly 1 0
years, and it is accompanied
by some alarm about the re-
turn of some pressure-selling
techniques that resulted in
disappointed customers last
time around Some de- firstofficeinWimbledon.es-
velopexs are holding back on tablishing what is definitely
construction while waiting an outer suburb as part of
for prices to rise further oth- . London's “prime" market,
ers are marketing their proj- While London’s tradition-
ects in the Far East before al prime areas — Belgravia,
they start building. •
In most areas, house prices
are rising faster than those for
apartments (23 percent for
the past 12 months for the
former compared with 17
percent for the latter). In Bel-
gravia. house prices rose by
] 4.5 percent in the past three
months. In Chester Square
(where Lady Thatcher lives)
a 59-year lease on a five-
bedroom. four-bathroom, re-
cently refurbished house
with extra staff accommoda-
tion is on lhe market at £3.5
million. In December, Savills
would have recommended
an asking price of £3 mil-
lion.
In Courtfield Gardens.
South Kensington, a new
two-bedroom, two-bathroom
flat is on offer at £355,000.
whereas similar flats were
being offered at £325.000 in
December 1996. This is an
increase of 8.4 percent since
the end of 1996.
Stretching the boundaries
Scarcity in the center is push-
ing out die boundaries of
London’s “golden zone” of
top property prices. A two-
bedroom, two-bathroom flat
at Bishops' Wharf in Bat-
tersea (south of the Thames),
which could have sold for
£210,000 last December, is
now selling for £245.000 —
an increase of 8.6 percent
A Wandsworth Common
house on Elsynge Road
(even farther south of the
river) that was sold for
£488,000 in early 1995 was
resold last November for
£585,000. Elsewhere in
Wandsworth, a property that
sold for £210.000 in late
1994 is now being offered at
£320,000. The Knight Frank
agency has just opened its
Chelsea, Knightsbridge and
Mayfair — remain at the pin-
nacle. with house prices up
between 9 percent and 14.5
percent this year alone, new
areas are coming up fast
Apartments at St Katharine-
by-the-Tower have increased
by more than 10 percent
Hampstead apartments by 9
percent and Wapping/Lime-
house apartments by 8.9 per-
cent
In Docklands, where
prices fell by some 50 per-
cent in the early 1990s, die
recovery is showing itself in
very high percentage surges.
Die Ballymore developers,
for example, have just com-
pleted a luxury development
called Dundee Wharf: die
apartments are now being
snapped up.
Mira Bar-Hillel
T he world's two leading fine-art auction houses have
brought their cachet resources and client rosrers to the
real estate arena.
Sotheby's International Realty (SIR) and Christie’s Great
Estates ( CGE) both deal in the high-end properties one would
expect from such venerable names, but they have taken
different approaches to entering die market
Founded in 1 976, SIR owns and operates eight brokerage
offices in the United States. Overseas, SIR coordinates
activity through Sotheby's offices in Europe and Asia. SIR
has established a network of 185 U.S. brokerages and 16
affiliate companies overseas. The affiliates are independently
owned real estate firms that enable SIR to call itself “the only
brokerage and marketing concern with a physical worldwide
presence." The relationship is transacrional-based; that is. the *
local affiliates sell the estates using SIR s access to clients |
and marketing services. |
Until very recently, the firm grew from within. But four ®
months ago, SIR completed its first acquisition, a local real
estate firm in the Hamptons.
“Several other acquisitions on are on the drawing board."
says Managing Director Stuart Siegel. SIR is making its
decisions according to “very definite criteria based on the
marketplace."
Great Estates
Christie’s, on the other hand, began by acquiring an already-
existing brokerage firm. After massive research on how to get
into the real estate business, the auction house bought Great
Estates two years ago. Founded by Kay Coughlin, who now
heads CGE. Great Estates was based in Santa Fe, now CGE's
headquarters. Like SIR, CGE maintains affiliate offices
associated by contract but CGE does not have its own
affiliates.
“You can’t be expert in 1 00 local markets without working
with someone local," Ms. Coughlin says, adding that “some-
times a client may want Chritfie’s to take the lead and get
more closely involved.”
The contents of the property, for example, may have to
remain intact until the sale. Or the client may not want the
property listed on the local market just the national mar-
ket.
Even so, a local firm still acts as the on-site broker, but
CGE brings its own resources to bear on the property’s sales
value and venue. Currently, CGE is trying to sell a property in
the French Alps to British buyers after making an analysis of
the most likely market
Client requests
Both auction houses began their real estate divisions in
response to demand from fine arts clients who wanted one
auction house to handle an entire estate — from jewelry to
homes. Die most visible current example is the estate of
Pamela Haniman, the U.S. ambassador to France who
passed away in February 1997. Sotheby's sold her famous art
collection, as well as the contents of her homes in Paris.
Washington and Virginia, for $8.7 million.
In addition, the Sotheby's auction house provides highly
visible offices for the real estate division. “Goodwill and
visibility in the marketplace take a long time to build up," Mr.
Siegel says. "Because of who our parent is, we have a shared
client base, a recognized brand and cross-marketing syn-
ergies."
The Christie's division may be much newer, but Ms.
Foreigners Flock to U.S.
Continued from page I
locals who want to live near the beach to
“snowbirds” who winter in Miami and for-
eigners who use Miami as a location for
business and holidays.
Prices range from $125,000 to $2.2 mil-
lion per unit — cheaper than at home.
“Prices are so much better here than in
South America, Europe or Asia," says Phyl-
lis Apple, spokesperson for several Miami-
area development projects. “It’s cheaper to
live in Miami Beach than on the French
Riviera or in Brazil. Fora beach location, it’s
definitely cheap."
Access to high-end shopping malls also
attracts foreign buyers. And despite a few
well-publicized incidents. Miami remains a
haven of security compared to their home
countries for some buyers.
A look at safe investments
Because of some well-publicized bank-
ruptcies after Miami ’s bust, buyers m today's
market tend to be gun-shy about de-
velopers.
"Every client always asks: who is the
builder, and is it a safe investment?” says
Hidden Bay’s Phil Spiegelman.
Fortune House, near Brickell Avenue and
Biscayne Bay in downtown Miami, rep-
resents the return to the market Popular with
those who need to be close to Miami’s busi-
ness center, the building is divided almost
equally among Brazilians, other Latin Amer-
icans and Americans, with a smattering of
Europeans, according to Fortune House's
Perla Garcia. More than 40 percent sold in
less than six months.
"Brickell went away after the crash,” says
Ms. Garcia, “But it’s picking up. Banking
and financial institutions are more global-
ized. They’re more cautious than before, but
they're always able to buy better property in
the United States than anywhere else.”
Steve Weinstein
in Mom'* famed f-
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N.Y. Brownstones Make a Comeback
What used to be drawbacks — such as a door leading to the street — are now viewed as strengths.
I
^buBdbgswBh a* fte mmS&s show a modem way of living.
n the contemporary era.
New York has been a city
of apartment dwellers;
perfiaps in no other Amer-
ican city does the apartment
so dominate the high end of
real estate. Now. however,
that is changing: As more
and more families opt to re-
main in the city, the wish for
privacy and spaciousness has
induced many to reconvert
brownstones from multiple
dwellings to private homes.
The prices for private
homes reflect this trend. The
average sale price of a Man-
hattan townhouse is an as-
tronomical $2.22 million, ac-
cording to Clark Halstead;
monthly rent averages
$16,100 — or $193,200 per
year. This represents an in-
crease of 27 percent since
autumn 1994, versus a 20
percent rise in apartment
prices since that time.
Despite this, until very re-
cently, the price per square
foot was actually lower than
(hat of apartments. The rea-
son for foe disparity was the
perceived difference in se-
curity and services.
In an apartment building, a
phalanx of concierges, door- ,
men, porters, security per-
sonnel, maids, superintend-
ents and maintenance
workers wait on residents. In
hotel condos such as the
Pierre or the new Trump In-
ternational Hotel and Tower,
owners can come home to
find their refrigerator fully
stocked or their theater tick-
ets waiting for them.
Homeowners, of course,
are on their own when it
comes to services. In addi-
tion, most houses are mul-
tilevel, limiting access to the
elderly or people with dis-
abilities. And very few
homes have private garages,
which are as “scarce as hen’s
teeth because very few were
built with them to start with,
and it’s almost impossible to
get a curb-cut permit" from
foe city, says Clark Halstead
of Halstead Property Co.
“Until the last few years,
people thought only of the
downside," says Barbara
Corcoran, who heads foe
Corcoran Group at Green dial
Residences. Nowadays, she
add, “townhouses have cer-
tainly come into their own.”
She cites foe lower price —
30 percent less than a co-op
and 40 percent less than a
condominium.
Although houses offer less
light than high-floor apart-
ments, most have a garden
and de tails such as bay win-
dows and inlaid mahogany.
Furthermore, with New Yoric
now perceived as safer, what
used to be a disadvantage —
a door leading to the street —
is now a plus.
Finally, New York hits
homeowners with much
lower property taxes than
other places. A $1 million
homeowner in New York
City may pay only 1 percent
of the value in taxes, much
less than in the suburbs.
There are only 900 town-
houses in Manhattan below
125th Street, according to
Mr. Halstead, and virtually
none under construction. The
rental income from homes is
much greater than apart-
ments because of the large
number of rooms and square
footage. Ironically, those in
foe best neighborhoods may
be at a slight disadvantage
because most have been
landraarked; this can make
improvements cumbersome,
if not impossible. S.W.
SWITZERLAND
EXCEPTIONAL VILLA
OF 960 Sg.M.
Mere a wonderful vfew of the lake. South exposure.
Magnificent park. Summer /Winter swimming pool
Exceptional amenities including an anti-atomic bomb
shelter for 20 people.
Price; SF 13,700,000.
Serge Bon amy
5 • Telephone +33(5)1 42889000* Fax: +33{D) I 405012 12
Paris
17th, CITE DES FLEURS, deflglfr
y Napoleon III folly, ASM) sq.fl on
a sunny garden, triple reception
room, vast artist's studo, Sbed-
rooms. Private street ot townhouses
with gardens. FFWHXI.OOO.
15th, CLOSE TO 7th, delightful
smal modernised house of 1.300
eqJl with large reception room
opening onto a sunny; quiet gar-
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bedrooms. Penod fireplace.
FF4 I 3O0,QO0.
Philip Hawbes
Itel +33(0)1 42 8811 11
For the discriminating buyer fancy a secluded villa in Tuscany?
Coughlin says, the company's motivation “wasn't neces-
sarily to compete with Sotheby’s." She nevertheless cites
very similar client demands for foil-service estate deposition.
“The executors wanted one-stop shopping." she says. “They
wanted foe expertise of Christie's to handle everything for
them."
Back at the ranch
Both auction houses have made themselves felt in the world
of high-end real estate ( properties average over $1 million for
bofiTfirms). SIR has branched out to undeveloped property,
ranches and even farms.
Mr. Siegel maintains that CGE, which mainly serves as an
international marketer for its network of brokerages, is not as
“hands-on" as SIR, but both firms are becoming dominant
players in the world of expensive property.
S.W.
‘-Luxi'RV Real Estate"
mus produced in its entirety by the Advertising Department
of ih e International Herald Tribune.
Writers: Mira Bar-Hillel. based in London:
Barn' Edgar, based in Lausanne. Switzerland:
Claudia Flisi. based in the south of France:
Michael Rowe, based in Paris: Tern' Swartzberg.
bused in Munich: and Ste\-e Weinstein, based in New- York City.
Program Director: Bill Mahder.
FOR SALE OR LEASE:
An ISLAJNID (?)
in the middle of
Western Europe?
Are you looking for an already bum-out, personal, family
oncf/or corporate "Home-Base’ located In toe heart
of Western Europe?
Would the Ideal (for youl be a country-estate property
which combines toe ultimate In OW World Charm
with the ultimate in New World functionality,
amenities and Miastwcturo?
What would describe "the Wear, for you?
Would It be located within a one hour’s drive from Bonn,
Antwerp, Brussels and Luxembourg?...
Would It be located within a three hours’s drive from
Frankfurt, Amsterdam. Calais. Parts and Euro-Dbney?
Would toe principal "Ota World Features" of the property
Include □ completely restored 37 room Chateau
and an 18 room Pavilion de Chasse (both with
indoor, heated, marble swimming pools); Guest
apartments located tn a separate bufldlng. a 200
year old Manicured Pork, private deer habitat.
world- doss Indoor and outdoor tennis courts, and
your own 9 hole/ 1700 yard golf course, plus fully
equipped gymnasium, formal outdoor
entertainment poviflon, croquet court, end gardens;
ponds, fountains, topiary hedges, hand-laid
masonry drives and pathways etc. Office faculties
and access discreetly separated from residential
spaces and faculties?
Would the principal ‘Now World Features" Include: toe
ultimate In functionality, amenities, and hl-tech
Infrastructure such as: dual (110v and 220v)
electrical power supply systems. Fiber Optic cables
and intra-property TV cable and dJgffal telephone
systems connecting (underground) toe Chateau,
Pavilion de Chasse, Office complex, and toe guest
apartments which grace toe property; A "super-
quiet*. superbly engineered. Chateau Air
Purification system (down to 1 micron level), Air-
Control. Conditioning and Humidification systems;
Mufti-zone sound systems, saunas, steam showers. In-
to e- floor hot water heating, high pressure water
systems; Chateau and apartment building elevators.
Helicopter pad and hangar (heated); A property
perimeter that Is fenced, gated, and electron Icatty
secured, etc,?
Would there be an efficient, motivated, end multilingual
(French, German, ft English) staff atieady in pkxe,
who are already trained and experienced in all
aspects of maintaining and operating toe property?
Such-q aropertv-ctoes exbfc B_has_been under Intense
restoration and development for the oast nlno-
Although this property Is not a n bland with water around
It. - It S a 65 acre island at security, privacy, charm,
f un ctionality, and luxury, - located In the very heart
of Western Europe - with already developed and
operational amenities. Intrastructure, and
experienced staff- capable of supporting a quaSty
of life and a standard of living. - rarely found
cnywhere.
The owner Is re-locating to Asia, and Is anxious to sell.
Sellng Price Is substantially betow botii replacement
cost and owners Investment to date. Price,
brochure, and video are available. Agents and
prospective purchasers are Invited to contact
owner via
Fax at 1-345-945-5369.
(Requests tor contidenttoaty wW be respected.)
r
PAGE 20
ICeralb^feferib unc
Sports
FRIDAY, JUNE'o;^ 1
World Roundup
Alphand Retires
skiing Luc Alphand, who won
the overall World Cup title this
season, said Thursday that he was
retiring from siding and passing up
a chance to win an Olympic title.
Alphand became the first down-
biller, and the first Frenchman in
nearly three decades, to win ski-
ing's overall World Cup title.
Alphand, 31, made his an-
nouncement in a news conference
at his agent's tent at the French
Open tennis tournament.
“I have decided to end my ca-
reer,” Alphand said, “It wasn't
easy for me. Eighty percent of the
people want me to continue.
"This decision was taken at first
for me, for my family and my chil-
dren. I was worried to leave my
family alone, especially with a third
child expected. (AP)
Australia Collapses
CRICKET England bowled Aus-
tralia out for just 1 18 runs on the
first day of the first test in Birm-
ingham. England then reached 200
for three wickets at close of play in
its first innings.
Australia won the toss and batted,
but then collapsed, losing its first
seven wickets for 34 runs before
Shane Wame and Mike Kasprow-
icz, two spec ialis t bowlers, added
36 for the penultimate wickeL Eng-
land's three fast bowlers took the
wickets, led by Andy Caddick who
took five for 50.
England then lost its first three
wickets for 50 before Nasser Hus-
sein, who finished on 80 not out,
and Graham Thorpe, 83 not out,
took control after tea. f Reuters )
Fans Attack Players
ROLLER HOCKEY A player
suffered a fractured skull and sev-
eral teammates were seriously in-
jured when fans of a rival club
boarded the FC Porto team bus after
a game in Lisbon and attacked them
with clubs, rocks and tear gas, the
police said Thursday.
Filipe Santos underwent emer-
gency surgery for head injuries and
Pedro Alves suffered two fractured
ribs in the attack, radio reported.
The incident occurred Wednes-
day as the FC Porto bus was leaving
Benfica's Stadium of Light after a
game that ended 3-3. (AP)
Albert Agrees to Samples
BASKETBALL The sportscaster
Marv Albert has agreed to provide
the authorities with hair and blood
samples as they investigate charges
that he bit a woman and sexually
assaulted her in his hotel room in
February.
Albert, who is continuing to an-
nounce the NBA playoffs for NBC,
has been indicted on charges of
forcible sodomy and assault (AP)
Seles Loses to Her Heir:
A Steady, Intent Hingis
fri oh’*' l} ! ‘
It *" lh ■
By Ian Thomsen
International Herald Tribune
PARIS — In a French Open semifinal that
begged for computer simulation. No. 3 Monica
Seles, the former prodigy, was beaten by No. 1
Martina Hingis, her modem heir.
Of much greater interest than Thursday’s semi-
final would have been a meeting between the
Hingis of today and the Seles of yesterday. One
watched Hingis winning their semifinal, 6-7 (2-7),
Fuihch Ohh Tenuis
7-5, 6-4, with the understanding that she has yet to
experience the difficulties that the teenage Seles
would have presented, before the right was
knocked out of her.
Hingis, the 16-year-old Swiss, will attempt to
continue her potential Grand Slam run Saturday
against No. 9 Iva Majoli, who beat No. 11 Amanda
Coetzer of South Africa, 6-3, 4-6, 7-5. Coetzer had
knocked out the defending champion. No. 2 Steffi
Graf, in the previous round. Majoli, 19, fighting a
bad cold, will be the first Croatian woman to
contest a Grand Slam final.
This was Seles's first s emifinal here since 1992,
when she went on to win her third consecutive
French Open title. Not quite a year later, she was
stabbed in the back by a German fanatic at a
tournament in Hamburg. Seles did not play again
for more than two years. Now 23, she has won one
major tournament since, the Australian Open last
year, her ninth Grand Slam title. Hingis has won all
four of their meetings.
“I don't have the strength and intensity of the
strokes that I used to have, 1 ' Seles said. “I'm
missing way too many shots that before would just
go in, that consistency. Martina had that con-
sistency through the match, especially at key
times."
Hingis has been working on a comeback of
smaller dimensions. After falling from a friend’s
horse, she underwent arthroscopic knee surgery,
missing seven weeks before making her return at
this tournament During changeovers Thursday,
the two players sat in large chairs pulled a safe
distance away from the stands. Behind them se-
curity men in black suits stood in the front row.
facing the crowd, statues in memory of the
Seles used to be. Hingis seemed oblivious to all of
this, which is no criticism. At her age, she must feel
indestructible. Even her current winning streak of
37 matches — 40 including the Hopman Cup —
has withstood her recent injury. Hingis has won
every tournament she has entered this year.
“I don’t feel in good shape anymore," said
Hingis, twice a junior champion at the French Open.
“I was kind of almost shaking because I didn’t want
to lose." She rated this semifinal victory bigger
than her championship at the Australian Open in
January, when she replaced Seles as the youngest
Grand Slam singles titleist of the century.
"I didn't know what to expect from myself from
this tournament," Hingis said. "If you say that
after six weeks, after the surgery, making the
finals, I would say, ‘Thank God I could play and
compete at this tournament.’ ”
Seles and Hingis broke each other all but twice
in the first eight games. There were times, es-
pecially in the first set, when Seles would achieve
her old rhythm and drive Hingis out of the point
But it didn't last She would stand in her old
hunched pose with both hands around the racket
Iflra a water-skier waiting for the boat to launch;
she would even gasp in the old grunting wav. But
she couldn't run down shots tenaciously, as Hingis
was doing now. All of these problems seemed
insignifican t in the absence of Seles's father, Ka-
rolj Seles, who has been at home in Florida un-
dergoing treatment for cancer.
In the 10th game of the second set having
fended off two break points and about to gain
deuce, Seles slammed a full-swinging backhand
volley into the net That gave Hingis the break and
allowed her to serve out die set. She broke Seles in
the third game of the final set and permitted the
former champion only break point on the way in.
“The way Martina is playing is just amazing
tennis, not just for this tournament but throughout
the year, the consistency she has shown and the
way she plays," Seles said. "Martina is really
good everywhere. She doesn’t have a weakness
that you can say, ‘O.K.. if I do that. I'll win the
point.’ She’s tough mentally, she’s very quick, just
good everywhere.”
She knew this verse well; her own opponents
used to repeat it constantly.
V- MS-*
•• 'MRsae b*|
Enc FefotelBf Agcnw Fun-Pnt
Martina Hingis serving to Monica Seles during their French Open semifinal Thursday.
Inter and Ronaldo: It’s All but Signed
CvwpM hr Our Slag Fnui Dhpaarha
Massimo Moratti, the Inter Milan
president, said Thursday that he had
struck a deal with the Brazilian star
Ronaldo but that it would not be signed
for several weeks.
“With Ronaldo, and the people who
represent him, there’s an agreement in
substance, but not a formal one," Mor-
atti said. “Both he and his represen-
tatives have given me assurances. For
the first rime in football, I think it's right
to have faith in an agreement that has yet
to be formalized."
"1 want to stay calm and put all of this
behind me," said Ronaldo, who is with
Brazil's team in France. "Nothing has
been signed yet.” “We have to wait and
see now," he added.
Moratti said he had agreed to pay $3
million a year in salary until 2006 for the
striker, a $14 milli on signing fas and a
S26.5 million transfer payment to Bar-
celona, Ronaldo's current club.
Germany Juergen Klinsmann, who
has just left Bayern Munich, said he was
shocked that his teammate Lothar Mat-
thaeus bet 10,000 Deutsche marks
($5,780) against his scoring 15 goals last
season. Tne wager, which Matthaeus
made with Uli Hoeness, the club busi-
ness manager, was revealed by a German
tabloid newspaper.
"I really don’t know what to say,"
Klinsmann was quoted as saying in the
same newspaper Thursday.
Matthaeus lost the bo; Klinsmann
scored 15 goals as Bayern won the Ger-
man League. Matthaeus, who feuded
with Klinsm ann, said the wager had been
an “insurance policy" against Bayern’s
losing the championship.
tournoi be France Paul Scholes,
making his first international start,
scored one goal and set up another as
England beat Italy 2-0.
Midway through the first half,
Scholes hit a pass half the length of die
field to Ian Wright, who scored with a
low shot A minute before halftime,
Wright passed to Scholes, who lashed a
shot past Italian goalie Angelo Peruzzi.
Italy fielded 10 of the team that beat
England 1-0 in a World Cup qualifier in
February. But once England took the
lead, Italy seemed to lose interest. They
meet again in a qualifierin October.
Gotti Adds to Lead in Giro
CauftirdbyOiir S&tgFmat Diipwrfrn
PAUSES, Italy — Jose Luis Ru-
biera, a Kelxne rider for down in the
standings of die Giro dltalia, made an
early solo breakaway and stayed clear
to win die 19th stage of the bicycle
race Thursday.
Rubiera finished 3 minutes 8
seconds ahead of Roberto Conti, who
led in a group of four riders including
the overall leader, Ivan Gotti.
Rubiera, a Spaniard, broke away
after 70 of the 222 kilometers (137.6
miles) of the stage from Predazzo to
Falzes.
He completed the mountainous
stage in 7 hours, 2 seconds.
Gotti made his move on the fourth-
of the day’s five climbs, up die Passo
Furcia, and finished 55 seconds ahead
of Pavel Tonkov, who is second over-
all. Gotti now leads Tonkov by 1:32.
Luc Leblanc and Alexandre Shefer,
who started the day in third and fourth
places, dropped out after they both
crashed Wednesday in a time trial.
. (Reuters. AP. AFP)
■ Police Raid Team
The Italian police raided at dawn
Thursday the hotel rooms of a team in
the Giro, Reuters reported from Ca-
valese.
Cesare Paolini. a spokesman for
the MG-Technogym team, which is
based in Italy, said that nothing had
been seized in the raid by a unit of the
paramilitary police that specializes in
investigations into food adulteration
and pharmaceutical abuses.
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Will Silver Charm Be a Jewel in Triple Crown Club?
: >•
_ i ■ !7. I£ ■
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By Andrew Beyer
Woshingion Post Service
!'■«’ [-nilivr hjln- llf™
Silver Charm working out at Belmont on Thursday.
E LMONT, New York — If Silver Charm
wins the Belmont Stakes on Saturday,
he will become only the 12th horse to
sweep the Triple Crown series. Little known
three months ago, the modestly bred colt
would join an elite group that includes such
legendary runners as Whirl away and Count
Fleet. Can he possibly deserve such a lofty
status? Or would his achievement be con-
sidered a fluke?
A study of the sport’s history indicates that
the answer is clear-cut: The Triple Crown is
the definitive test of greatness in a thorough-
bred, and horses do not win it by accident.
A horse might capture the Kentucky Derby,
the Preakness or the Belmont with the aid of
luck, but capturing them all requires extraor-
dinary talent. Only one Triple Crown winner,
Omaha, was slightly fluky. A racing historian
wrote that he was widely viewed in 1935 as "a
lucky colt who owed his success to inept
competition." But that was an era before the
U.S. breeding industry bad started to boom;
only about 5,000 thoroughbreds were being
foaled each year. In the postwar period, with
as many as 50,000 horses bom in a year, it is
impossible for a horse to dominate his gen-
eration by default
The four colts who have captured the Triple
Crown in the last half century — Citation,
Secretariat Seattle Slew and Affirmed —
rank among the best racehorses who have ever
lived. At the same time, the Triple Crown
series has relentlessly foiled horses who are
very good but not quire great — the Alyshebas
and Riva Ridges and Canoneros.
The Triple Crown didn’t become the ul-
timate thoroughbred test because anybody
planned it that way. It developed haphaz-
ardly.
When Sir Barton became the first horse to
sweep the three races in 1919, nobody rec-
ognized them as a series. Charles Hatton, a
columnist for the Daily Racing Form, began
referring in the 1930s to the Derby, Preakness
and Belmont as the Triple Crown, borrowing
the term from English racing. The usage was
firmly entrenched by 1941, when Whirlaway
became the fifth horse to win all three. In
1950, the Thoroughbred Racing Association
officially recognized the feat by creating a
Triple Crown trophy, and in 1987 a financial
bonus was attached to the series. Silver Charm
will earn a $5 million bonanza if he can
complete the sweep.
In contrast to the English series, which is
contested over a period of months, the Amer-
ican Triple Crown has always been compressed
into a few weeks of the spring. In Sir Barton’s
day, the Darby and Preakness were only four
days apart Now it is standard for the Preakness
to be run two weeks after the Derby, with an
additional three weeks to the Belmont.
Theoretically, a less-than-great horse
might be able to hit a hot streak for a few
weeks and sweep the classics. In practice, the
timing of the races is the main reason the
Triple Crown has been so difficult to win.
Many horses haye been thwarted in their bids
because of the physical stress of the series:
Canonero II was compromised by a foot prob-
lem in 1971. Majestic Prince was ailing in
1969. Tim Tam fractured a sesamoid in the
running of the 1958 Belmont Bold Venture
bowed a tendon before the Belmont in 1936.
Besides testing horses' durability, the
Triple Crown tests their versatility. Of course,
horses need stamina to win at distances as long
as Vh miles (2.4 kilometers), but they also
need speed to overcome traffic troubles and
adapt to different tactical situations. Habitual
come-from-behind runners are usually foiled
somewhere in the series: Alysheba, Pleasant
Colony, Little Current, Carry Back and
Needles are among the many strong Finishers
who wound up with two-thirds of a crown.
Although the Triple Crown has always
been difficult to win, it is exceptionally elu-
sive now. Contemporary thoroughbreds _
demonstrably less durable than those of pre-
vious generations.
Horses used to withstand hard racing and
training before the Triple Crown; Citation
raced three times in three weeks before tbe
1948' Kentucky Derby. Nowadays trainers
feel it is necessary to give their homes three or
four weeks’ rest before the Derby. Yet these
frailer modem horses are still being asked to
go through the grueling Triple Crown series in
five weeks. Few have the fortitude to run in all
three races — let alone win them all. It is no
surprise that 19 years have passed since the
Triple Crown was last won by Affirmed.
If Silver Charm can manage to sweep the
series, his durability alone will make him a
rare horse by modem standards. And he has
many other obvious merits: He has proved
that he is an admirable competitor by winning
tough stretch duels in tbe Kentucky Derby and
the Preakness. He is a versatile runner, with a
combination of speed and stamina. Although
he was not a star before the Triple Crown
series, he would nevertheless emerge from a
victorious Belmont with a record of oin?
starts, six wins and three seconds — a better
record than the majority of prior Triple Crown
winners at this stage of their careers.
Vi *M.|>
!
Scoreboard
BASEBALL
Major League Standings
.571 —
544 l’„
■SOT 4
Mi 6
Bollimore
New Tory
Toronto
Detroit
pester)
AMIHCAM IIAOUS
EAST DIVISION
W L
38 IS
31 27
76
26
22
Pd.
717
J34
2B .481
29 .473
13 -400
GB
r.
12 ’:
13
17
CENTRAL DIVISION
Milrtouteo
2>
j|V
_
Clevehvid
27
74
.509
■_
74
35
.473
2'i
Kunsos Oy
25
29
jU13
3
(WniKsolo
a
32
439
4'-
WEST DIVISION
Trio?
30
25
54!
—
Anaheim
79
76
327
1
Scphta
30
}7
SX
1
Oaltand
74
15
JOT
8
NATIONAL WOin
EAST DncstQN
W
L
Pet.
OB
Ailanta
38
19
A67
—
Fionaa
33
73
■005
4'--.
New York
r
25
-561
6
Montreal
79
77
5IB
8‘i
pitHadelpMa l*
37
339
18-.
CENTRAL DIVISION
Houston
29
79
500
—
pmsbutgh
2b
»
.491
St Loun
Irt
30
464
3 "
CJU 0330
74
33
471
4'*
pnonnaii
21
30
366
r.- :
WEST DIVISION
San Francisco 32 24
Cokjraan 31 26
Los Angeles 28 28
San Diego 2a 30
WUHHHMT'S UNESCO KS
AMERICAN LEAGUE
Boston 061 PIG 300-11 12 -J
Milwaukee 005 BOO Ota-11 U 1
Hammond. Brandon bo nj Ml. Wayfin [41,
E she! man (5) and Hattohcnj; Eared,
Adamson (6)- Fetters (81. Dojones (9J and
Mgthcnv W— I E hired 6-S. L— Brandcnburj
0-1. Sv— DaJones t!4J. HRs— Baslan
Cordon 1 91. M Vaughn (151, JtiVakmlm 01.
Ciucaga 300 121 030-9 13 1
amkms 000 000 022—4 6 0
Baldwin. Simas !8). TCnstUo (9j and
Fahregas; ALop«. Craws (SI. Shuey (67,
Mesa 18). Mormon (8). MJadaan (9] and
SAlomar. W- _ BoMwin 3-7. L— ALopcz 2-4.
HRs-Chicano. Durham (3). Ctevrtend
Thome (I3i.
New Tort 000 000 520-7 13 1
BaHtmaf* 030 011 40X-V 10 1
PtfMte, NCiMrt 1 71, IJoyd Moor 187
and Posada Girartfi t*j; Mussing
TcMothews (71, Orascu (7). A Benitez (8).
RaMycrs «) and Hoies. W-Orasco 2-0.
L-Meban 2-5. Sv-KaMwre 118).
HRs— New Yurt, Honrs (41. Fielder Ml.
BaMmoie,CRlpken (10).
Kansas Oty 000 020 100-3 7 0
Anaheim 003 004 Ota-7 II 0
Rusch, JWoliw 16), JMontgomery («;,
MLWiffiann 1 8) and Modariaras VV abort.
PHams (7). Pcroval (9) and K reefer.
W — Watson 4-2 L — Huseh 3-1
HP— Anaheim, Hollins (BJ.
NATIONAL LEAGUE
Houston 120 110 OOO— S 9 0
Ctndmffl 008 000 101—2 10 0
Had Uma (8). B Wagner (9) and Ausmus
Bumoand Fordyce, JQ0ver(8).W— Holt 44
L— Burba 4-5. Sv-BWooner (10).
HRs— Houston, THowaid (2). Cincinnati,
WGfwtw2(7).
Atlanta 0« B30 001-6 18 0
Montreal ON 010 00—3 6 1
Gtovlne, Blefecki 19) and JLooec Judea
M Valdes (6), Teflord (8), LSmttti (91 and
Wldger. W-Gtavine 6-3. L-Judan S-2. HRs-
— Ananta. McCrW (8). Montreal Wldger (4).
Florida 021 HI 002-5 n 3
New York 110 ON 000-2 5 0
Rapa, Nen <91 mid CJohnsore MSdO, Lkfle
(9) and Hundley. W-Roop 4-2. U-MDcki 1-
5. Sv— Nen (151.
Otongo 0)3 000 010-5 18 0
PWtodeWua 060 OH 031-1 « 0
FCasJilta, Patterson (8) and Serwds.-
Slephemoa BbzJer [71, Ryan (Bi,
Flaidenbetg (91, RHarrfs (9) aid Parent
Lieberthal (8). W— FCasttHa 3-7.
L— Stephenson 2-2.
SI. Loots 200 DM 211—18 II 1
Pittsburgh 000 000 080-0 7 3
AnBanes aid DdeUcer Schmidt Rudbei
(2). Sodowsky (5), Wainhwse (4), Pelcra (7).
MWilkro (9j and KendalL W— AnBenes 4-j.
L— Schmid) 1-4. HR— 51. Louri, Lon Word
111 ).
San Mega 330 OH 100-7 10 0
Odarado 300 HI 100-5 10 0 '
Cixmane. TiWonoH (71, Bodriter (8) and
Flaherty-, RBadey- DoJaw (7), SRred (ffl,
MMunpz (97 and Maiwaring. W-Cumano
4-1. L— RBaltoy 5-5. St-fiochwr (3.
HRs— San Dtegn SFInley (6), Catarada.
BteJiettetB).
Sai Praadsco 801 MO 080-1 t 0
Los Angolas 130 BN lta— 5 8 0
Foulkft Aradw (71 and RWIIkinsi
RMartlnez, Cutorte (81. Owna IB), To Worrell
C91 and Piazza W-RMarhnez 5-1
L— Fotilto 0-1. HRs— San Fiandsca
RWBdns (4), Las Angeles. Piazza (9).
Japanese Leagues
W
L
T
PcL
GB
Yakut!
30
19
d!2
—
Hiroshima
25
22
m-
J32
40
Konshin
2S
24
OT.
J10
LO
Chontchi
23
24
OTOT
489
6.0
Yokohoma
21
23
—
J77
45
Yomlun
18
30
—
375
115
THDICDArS HEHftn
Vafcult4,Yomiurl3
Hanshlns, Hiroshima 3
Yokohama ChunkHi 3
w
L
T
Pet-
GB
S4>8>u
29
19
Mi
—
Orix
23
18
Ml
ZS
Doth
25
25
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J00
SJJ
Nlppan Ham
24
25
—
M0
5 S
Lotto
20
25
1
Mi
75
Kbitotsu
19
28
1
Mi
9J
iHORfurtusoin
Setou b. Kintetsu 5
OaM S. Nippon Ham J (11 innings]
HU LANKA TOUR
i-on wronuznoNAL
TTWIDAQ AND TOBAGO VS. S« LANS*
WEDNESDAY, IN BAN FERNANDO
TRIMDJU1
Sri Lanka: 226-B
Trtnldnd and Tobago; 215-7 In 39 £ awn
Trinidad were sel a revised targEi ot 215 In
41 overs because of rain.
Trinidad wan by ItmM wiefieb.
AtMTUllATtriJ*
TEST HATCH. 1ST DAY
ENGLAW VS. AUSTRALIA
THURSDAY, IN LONDON
AustraSmiiBallout
England: 2003
GmonflTAUA
Loading ptaetngs In 222 ton I8«h elm of
tna Giro crtaUa Iren Predwera to FNow;
1- Jose Rubiera, 5p, Keftne 7 h. 2 a,- 2-
Foberto ComL It. Mdreatone Una al 3 : 06 ; 3 .
Giuseppe Gocrtnl lt„ PoM sJt; 4. (van Gotti
, S f s “ Mfc 5. Jose Gantdez. Col. Kebne
Jr* ”^ nareo N 06 *- “• A * 3 7. stefano
Garzefll, I). Merootane Una *01; g.
Tonkov, fius_ Mud 4*» 9. Roberta PctUo.
It -boeco s.^ 10 . Dario Friga W-SoecosJ.
DWDUULU 1. Gotti 86 h. 20 m. 35 sj 2.
* Swcrtni tat 4. MlaslL tt.
AKI 5 Gonidur. Ukraine, Aw 1 an- 6.
01 Granite, Mopel 11.-04; 7. Befit II.
Roslafto 12*4; 8. Soriana, Sp. Kelmo 1 MXk
9. GarzeUl 1*42; 10. Rubiera IS:W.
SWISS HAST DIVISION
Aamu a Grasohoppora 1
NeueholelZ SI Gotten 0
‘ ^ A>*-'
MrtAib.
Sian 1, LausamwO
Zurich l, Basle 1
iu«ml I
RUGBY UNION 1
fmjil nuanas: Sion 49 points
Neudiatel itc Grass hopper 45; Lausanne 41
Anmn 11. urjllkm ■». B l-n.
AKERICAN LEAGUE , V 1
NEW YORK— OptrblWd RHP DaiHR Bto®
Columbus, IL ’
WEDHESDAV, IN WTTBANK
SOUTH AFRICA
Mpumahngo 14 British Lions 64
lONOATOUt
WEDNESDAY, IN EAST LONDON
South afwca
Banter 10. Tonga 27
camunntnDcius
OUARTCftFltiAlS. RETURN LEG
Grerrta Bratf ICnueliw Brazl 1
Cruzetra advances on 3-2 aggregate
SEMIFINALS, 1ST LED ON JULY 23
Cato Cato, C We vs. Cruieha Brazil
Sporting Distal Pera vs. Radng, Argentina
%D
MWM 2QNE.GR0UR2
Iran 7, Kyrgyzstan 0
Syria II Maldives 0
■i lmn 6 p ® ,nhf Svrta 3; Kyr-
gyzstan a Maldives a
*SlAN201ie. 1MOtff7
Kuwait 4 Singapore 0
wnKMMieiuanuiKHjK
United Slatos & ParagwyO
South Africa a NeHwihnds 2
TCMMKM D8 RUUH|
England Z Italy a
England 3 points Brazil 1 :
nonce 1; natyQ,
>OM ANUU( Off
Indwrwt 4 F.CjNaltorwIBucIwnBt 2
Hingis (lj, Swfiz. del. Seles 0). Ui. 6-7 Q-
71. 7- 5, M.
Wcioll (9). CR>. del. Coetzer (11), SJM. 44 4
6. 7- 5
MaDMOBUS
Raymond arid GaAraHh (]}, dot. Boi-
legrat Ndh.wdLe«3i(3J,U5.44frZfr4
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Sukava and Suh (41, Czech Rep. 6^ 6-4.
lUH'Shomm ‘
Woodbrtdge and Woodfonle ill, Ausll dot.
Arnold andOrermlc. Arg-46,64 64.
Kafttnihovk Rus. and Weak (41, Czech Rep.
dof.EHinghond Haaitruts (2), Noth. 7-6 (7-4).
7-6 (7-3), ■ -
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NATIONAL FOOTBALL LEAGUE ^
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INTERNATIONAL HERALD TRIBUNE, FRIDAY, JUNE 6. 1997
SPORTS
«>
PACE 21
, Nl
Orioles , 9V2 Up,
N Beat Yanks Again
'A W
Ct^tovSufFnmDbrari* first he had three runs batted
The Baltimore Orioles in. the White Sox won and the
moved a step closer to turning Cleveland fans booed,
the American League East This time as fans refrained
race into a runaway. from tossing debris at him as
The Orioles squandered a they did Tuesday. That didn’t
five-run, seventh-inning lead stop the teams from throwing
for the pitcher Mike Mussina, at each other, though,
who didn't flirt with perfection Belle, who had a two-run
this time but still was quite double and was walked with
good. But they regrouped to the bases loaded, was hit by
- Jose Mesa, setting off a series
AL Roundup of beanings and bmshbacks
; — that resulted in a bench-clear-
push their American League ing situation in the ninth and
East lead to an imposing 9V4 two ejections,
games by beating the stum- The testiness started in the
bling New York Yankees eighth after Mesa gave up a
.again, 9-7, Wednesday at homer to Ray Durham, giving
- Camden Yards. Chicago a 7-0 lead.
Jordan and the Bulls
Make Utah Look Inept
Emphatic Victory Gives Them 2-0 Lead
‘ The Orioles completed a
'two-game sweep of the Yan-
‘kees and a 4-0 home stand.
-They've won 13 of their last
'15. They’re 4-0 this season
l against the Yankees and an
astounding dozen games
Mesa then plunked Belle,
who walked slowly to first
and glared at the reliever.
Mesa then hit Mike Cameron,
but Alomar, the catcher, in-
sisted it was not intentional.
"We were not trying to hit
ahead of them in the loss anybody," he said. "Mesa
■column. was wild during warmups.
1 The Orioles have the best Nobody told me to hit any-
record in the major leagues body."
J and are attempting to become
"the first big league team since
jthe 1984 Detroit Tigers to
spend every day of a season in
-first place.
"They're playing unbe-
lievable baseball right now,"
'said the Yankee starter, Andy
•Pettitie.
; Tbe Orioles got a two-run.
go-ahead double from Rafael
-Palmeiro — who beat the
'Yankees on Tuesday with a
two-mn homer in the 10th in-
ning — in a four-run bottom
• ofthe seventh after New York
;bad used a pinch-hit grand
.slam by Charlie Hayes to tie
Chicago, which has won
three straight, retaliated in the
ninth.
A White Sox reliever. Bill
Simas, threw inside to Mar-
quis Grissom, prompting tbe
center fielder to walk toward
the mound, pointing his bat
Both benches and builpens
cleared, but no punches were
thrown.
Simas and the White Sox
manager, Terry Bevington,
were ejected because Simas
had been warned for throwing
inside to Manny Ramirez
leading off the inning.
The Indians, who got a
. «mj / a ,, , r& , ♦'*?>'
■ ] ’the game at 5-S in the top of two-run homer from Jim
| ! the inning. Thome in the eighth, lost their
vj ’■ Jesse Orosco surrendered fourth straight and fifth in six
Hiili V Ki a kt'Tb < V>'"i uuiil bn*
Michael Jordan ofthe Bulls going up and under Utah's Karl Malone for a layup.
It’s Finley’s Show, as Padres Win
■ffcrt th-f:?
Ulds to Lead in Giro
••• i ¥ '• -
-**. its.-’S-ii rs. ‘J/t
v.'ift-v
1 1 1 ’
1* Luiv.j.
: ► •-
'Tj£‘ 17S.-J «&*■'•.
•vu.-rs r ■£ *:;r
i ' Jesse Orosco surrendered fourth!
; ! Hayes’s grand slam but got ' games.
\ ■ the victory in relief. Braw
For much of the evening, it Milwai
looked as if this one would be overcai
easy for the Orioles. by sco
1 ; Mussina, who had a perfect third ar
! game ended by the Cleveland move i
■ Indians' Sandy Alomar with Americ
' one oor in the ninth inning with th
- Friday night, had a shutout games.
i and a five-run lead with one Ang«
out in the seventh. helm.
White Sox 9, Indiana 4 AI- three -ri
’ bert Belle's second game back Watsor
at Jacobs Field was like his straighl
The Associated Press
Steve Finley doubled,
tripled and homered against
Browors 1 3, Rod Sox 1 1 In Colorado, driving in four
Milwaukee, the Brewers runs. His defense was even
overcame a seven-run deficit better,
by scoring five runs in the "He's one of the more un-
third and eight in the fourth to derrated players in the
move into first place in the league,” Bruce Bochy, the
American League Central' San Diego manager said after
with their sixth win in seven Finley led the Padres over the
other threat in the ninth.
“In this ballpark, you have
to play deep, which makes the
games.
Angola 7, Royal* 3 In Ana-
heim, Dave Hollins hit a
three-run homer and Allen
Watson (4-3) won his third
straight start (WP, AP)
* IV.if
Cowboy Loudly Ponders Future
AVx York Times Senice
DALLAS — In a remarkable piece of
theater, Michael Irvin, the Dallas Cowboy
wide receiver, gathered members of the
news media and said he did not know
whether he could muster the intensity to
resume playing football.
Colorado, driving in four gaps bigger." Finley said. His
runs. His defense was even —
better. NL Roundup
,‘ ‘He's one of the more un-
derrated players in the ninth-inning catch ended the
league,” Bruce Bochy, the game, giving Doug Bochrler
San Diego manager said after his second save. But it paled in
Finley led the Padres over the comparison to his diving grab
Colorado Rockies. 7-5, on that robbed Dante Bichette in
Wednesday night (he seventh, ending that inning
Finley made a diving catch and saving a run.
in right-center to snuff a sev- ‘ When you have a guy
enth-inning rally and had a who can run like that in the
sprawling catch to end an- outfield, you have to make
them put the ball in play,"
Bochtler said. ‘‘That's all I
Tp 4 did, and Finley did the rest"
S JtUtUTB MaHinx 5, Meta 2 Bobby
Bonilla scored the go-ahead
i a recanted sexual-assault run in his return to Shea Sta-
lecember, a woman accused dium.
e» a gun to her head while Bonilla, traded to Baltimore
mother man assaulted her. in July 1995, singled with one
anted the charges and faces out in the sixth, took third on
Jim Eisenreich's double and
stemming from a recanted sexual-assault
iece of accusation. In December, a woman accused
lowboy Irvin of holding a gun to her head while
of the Williams and another man assaulted her.
t know The woman recanted the charges and faces
isity to a perjury trial
Iron also said be wanted to clear the air
Dodgers S, Giants 1 Ramon
Martinez won his seventh
consecutive decision against
San Francisco, allowing five
hits in seven innings and
striking out nine. Mike Piazza
backed him with a homer at
Dodger Stadium.
cd» 5 , Phillies i Frank
Castillo allowed five hits- in
7 ‘A scoreless innings and
Ryne Sandberg had three hits
for Chicago in Philadelphia.
Castillo (3-7 j, who struck
out five and walked two,
helped the Cubs improve to 8-
2 in their last 10 games.
Philadelphia has lost six
straight and eight of nine,
dropping to 19-37.
Cardinals 10, Pirates 0 Ray
Lankford hit a two-run homer
in the first and Dmitri Young
went 4-for-5 for visiting Sl
L ouis.
Jason Schmidt, tbe Pitts-
burgh starter, was ejected by
home plate umpire Jerry
Speaking somberly, Irvin said Wednes- about reports that he was seeking a trade.
scored on Charles Johnson's Layne in the second for hitting
Club '
day that personal controversies he has been
embroiled in over the last 16 months have
drained him of his passion for football. He
said be had skipped the team’s minicamps
to ponder his future.
“Right now I just don 't have the intensity
and emotion about the game," he said.
He said he met with the Cowboys’ own-
er, Jerry Jones, and asked to be traded, but
said he did not “draw a line in the sand”
when Jones told him such a move would be
impossible for salary cap reasons.
"I need to find my love of football or not
play at all,” Irvin said, adding that he had
Irvin appeared with his new lawyer, Peter no idea when he might decide whether to
Ginsberg, to announce that he was joining a
teammate. Erik Williams, in rwo lawsuits
rejoin the Cowboys or retire and forfeit
nearly $5.8 million in contract payments.
ground out for a 3-2 lead.
Bravos 6, Expos 3 Tom
Glavine (6-3) allowed seven
hits in 816 innings and singled
to stan a three-run rally in the
fifth at Montreal.
Glavine struck out six.
walked one and left after giv-
ing up a one-out double to
Vladimir Guerrero in the
ninth. Glavine also went 2-
for-3 at the plate.
Mike Difelice in the ribs with a
pitch, apparently in retaliation
for the catcher's fight with
Mark Johnson in Pittsburgh's
3-2 victory May 21.
Astros 5, Rods 2 Chris Holt
scattered seven hits in seven
innings, rebounding from his
shortest stan of the season.
Jeff Bagwell doubled home a
pair of runs for Houston at
Cincinnati.
Michael Wilbon
UWim^rcn Post Service
CHICAGO — Maybe it’s not such a good
idea for the Bulls to play up to their cham-
pionship-caliber level after all. Because when
they do, even if for only three quaners. the
other guy doesn't have a chance. None.
Fortunately for the other teams in the play-
offs, the Bulls hadn't been particularly im-
pressive for most of the postseason. Okay,
there were brilliant moments against At-
NBA Finals
lanta and Miami, but just flashes, an outburst
from Jordan here, an eruption from Pippen
there. But the Bulls hadn't put together an
entire great game, from A to Z, the kind of
basketball exhibition that has led some of the
game’s historians to compare them to the
greatest .teams ever.
Until Wednesday night, when the Bulls
took a 2-0 lead in the NBA finals by winning
convincingly, 97-85.
Maybe we don't need to see anymore, be-
cause when the Bulls play, say. B-plus bas-
ketball, nobody in today's NBA can come
close to beating them. They make the other
guy look so inept, so incapable of doing any-
thing. it’s like the Harlem Globetrotters play-
ing the Washington Generals. Worst of all. it's
bad theater. There's no drama, no suspense
whatsoever. When the Bulls play just “O.K.."
Atlanta can win a game, Miami can win a
game, the Bullets can challenge them.
But when the Bulls stop goofing around,
when they leave their arrogance at the door
and get their minds oft golf and new contracts
and who's going to be playing for the team
next year, they are the most dominant team in
professional spores. With Michael Jordan
around, they haven't lost four of five games
since January 1993, which is what the Jazz
must do to take the title.
The Jazz, remember, had enough weapons,
enough creativity to win 64 games in the regular
season, and roll through the first three rounds of
these playoffs with a record of 11-3. What’s
happening to the Jazz is what has happened to
every Jordan playoff opponent since 1991: Tie
Bulls won’t lei Utah do what it wants to do.
Won't let Karl Malone post up and shoot that
fadeaway. Won't let Malone and John Stockton
ran the pick-and-roll that seems to confound
everybody else. Won’t let Greg Ostertag be a
factor. Won't let Stockton find open teammates
at will It's as though the Jazz have totally
forgotten how to play basketball Coach Jerry
Sloan went as far as saying, “I thought we were
intimidated tonight," and he wondered aloud
after the game if his team had come close to
letting the Bulls "destroy your win."
You know what the evening’s manufactured
suspense was? Whether Jordan, who finished
with 38 points, 13 rebounds and 9 assists,
would get his first triple-double in NBA Finals
play. He should have had a 10th assist with
about three minutes remaining, but Scottie
Pippen blew an open layup. That’s what the
Bulls had to be sorry about Wednesday night.
"He apologized before I said anything,”
Jordan said, "Because he missed a layup?
There’s no love lost. I’d rather have a healthy
Scottie Pippen than a triple-double. I just hope
he can make a layup or two the next game.' '
Pippen’s retort: "He doesn’t need that
triple-double, he has everything else."
Jordan dominated the scoring, the rebound-
ing, the passing. Ron Harper scored since a
hobbling Pippen couldn’t, Dennis Rodman
didn’t get any technicals. Steve KerT, who had
never blocked a shot in the playoffs, blocked
one in Game 2, which gave him one more than
the entire Utah team nas in this series.
The stretch of the game where the Bulls
Chic ado 97, Utah 85
Min
FG
FT
O-T
A
PF
Pti
RusveH
33
4-10
1-3
1-5
1
3
11
Malone
dl
6-20
8-13
5-13
1
2
20
CKtofiag
13
0-1
1-2
1-3
0
3
1
14
Sisdcmn
39
J.]2
5-6
0-2
T
0
HonwK*
31
S-9
8-9
1-2
2
6
19
Ebley
9
2-3
1-3
0-1
2
1
5
Foster
11
o-r
0-0
1-2
2
2
0
Aadcraan
2t>
2-4
0-0
1-2
1
3
5
Monte
M
M
' 0-0
04)
0
3
3
Carr
9
2-4
041
0-1
1
1
4
Keefe
17
1-2
1-2
1-4
1
3
3
Tutnb
liB
27A7 25-35
CHKMO
11-35
IB
26
85
Min
FG
FT
O-T
A
PF
Pts
Pippen
39
4-13
2-2
20
4
2
.11)
Rodman
25
3-3
23
0-7
1
2
7
Longley
20
4-5
0-0
1-3
2
4
8
Harper
31
5-10
1-2
1-2
4
3
13
Jordan
dS
11-20
15-21
4-13
9
2
38
Williams
14
25
04)
12
2
5
4
Kerr
19
2-a
2-2
0-1
1
1
8
C offer
6
0-0
0-0
2-2
0
3
0
Brown
2
o-a
0-0
04)
0
1
a
Kukoc
20
l-S
4-4
0-2
3
2
7
Buediler
19
1-2
04)
0-3
0
1
2
Totals
wo
32-69
2<-33
11-41
26
26
97
until
20
11
28
26-05
Chicago
is
22
31
19-97
2. Hwnocek 1-2 Anderson 1-21. Chicogo 6-16 IKerr 2-5.
Rodman 1-1. Harper 1-2, Jordan 1-2 Kukoc 1-2 Buechier0-1.
Ptppea 0-3). Technicals— Chicago illegal defense Z
Osteriag.
delivered the knockout punch was vintage
basketball, stuff the old Celtics would have
proud of. Their lead was down to 31-29 when
Jordan scored off an offensive rebound. Pip-
pen blocked a Malone layup and shot a pass to
Harper, whose three-pointer made it 36-29.
Jordan made a free throw. Luc Longley set up
Harper for a layup. T oni Kukoc forced his way
inside for two free throws, and Pippen hook-
jammed after taking a pass from Jordan. The
ball, at times, never touched the floor, and
Utah's defenders simply weren't quick
enough to contest Chicago's shots.
Meanwhile, Utah couldn’t score, and the
Bulls led 47-31 at the half. How could Malone
and Stockton look so dazzling six days ago
against Houston, then look so feeble here?
~The Rockets ain't the Bulls. Especially not
on defense. Utah led the league in field goal
shooting with 50.4 percent during the regular
season, but made just 40.3 percent in Game 2.
Here's what happened:
Nobody in a purple uniform has enough
space to take shots.
‘ ‘We're a defensive oriented team,” Jordan
reminded everybody afterward.
Malone took the blame, saying. “I’m stinking
it up right now.” But he's stinking it up in part
because the Bulls have four defensive players —
Jordan, Pippen, Harper and Rodman — who
simply drive opponents crazy with quick feet and
long, flailing arms. “Pippen and Haiper," Bulls'
coach Phil Jackson said, "guys that crowd a lot of
space with their agility and quickness, were able
again tonight to use that as a way to keep the ball
from going to the post when the screen-and-roll
was happening. They made Stockton find some-
body else while he was in the air.”
As Stockton said. “We got a defensive
lesson tonight. Hopefully, we can learn
something from it. not just get beat by it."
And you know the worst thing for Utah?
Jackson said that “we still were not scin-
tillating." Sloan, concurring, added. “We
probably haven’t taken their best shot.”
■ Sbandon Anderson's Father Dies
Willie Anderson, the father of the Utah Jazz
rookie Shandon Anderson, died before Game
2 of the NBA Finals. He was 47.
Anderson had been suffering from throat
cancer, and doctors gave him only 2-3 days to
live more than a week ago. The Associated
Press reported.
"I've said good-bye many times," his son
said early this week-
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PAGE 22
OBSERVER
Getting and Spending
By Russell Baker
W ASHINGTON — The
great story is' prosper-
ity. It is here, and with a ven-
geance.
There is so much money
washing around that people
have to get out of bed at dawn
on Saturdays ro get it all spent
before the week is out. Treat
yourself to an old-fashioned
Saturday sleep-in and you
won't have enough rime to
spend it all before next week’s
bundle starts rolling in.
Washington journalists,
trained to concentrate on ‘pol-
itics. keep saying that news
has ended. Nonsense. Polit-
ical news may have ended,
but the economic news is
thunderous.
Later it will have a thun-
derous effect on politics, but
that inevitability seems far-
fetched right now. like sum-
mer heat lightning seen on a
distant horizon. Meanwhile,
we are wallowing in a gor-
geous. juicy economic boom.
□
Millionaires are multiply-
ing like flies. Farmland is be-
ing paved over with thou-
sands of miles of new streets.
Woodlands are being
chopped down for "industrial
parks.*'
Suburbs are sprouting gi-
gantic new malls and7 for
buyers so hot to consume that
they can't take the extra 10
minutes needed to reach the
big malls for all-out spending,
strip malls proliferate along
the highways.
Stock markets — every-
body knows about the stock
markets. Zingo! Bingo!
Shazam and Wow! Lord, how
The money rolls in!
One effect of the boom is to
immunize President Clinton
against his enemies. And this
is one president certain to be
remembered, as Richard Nix-
on is. for his enemies.
Paula Jones, Whitewater,
Dick Morris with his polls and
prostitute, Asian money fin-
agling, Clinton's lack of per-
ceptible political beliefs, the
swarm or independent inves-
tigators harassing his admin-
istration — nothing shakes the
public's contentment with this
presidency, if the popularity
polls are correct, as polls
nowadays usually are, alas.
The public's atritude ap-
pears to be "First things
first.” The first thing now is
the big money. The public
seems Indisposed to trade the
joys of the fattened wallet for
the sour pleasures of humi-
liating another president.
Now somebody will note
that not everyone is raking in
the money.
True, but here Clinton has
the best of all possible worlds.
Those making the biggest
bucks are upper-brackets
people. Republican by nature
yet not apt to let political af-
filiation deprive them of con-
stancy expanding income.
□
Those left out of the bar-
becue are the bottom-brack-
ets crowd; to wit, people who
vote Democratic no matter
how miserably they are re-
warded. and people who
don’t vole . at all. This
wretched bunch is being told
to shape up or ship out, as the
Clinton government with-
draws from the old Demo-
cratic tradition of looking
charitably on life's losers.
Economic Darwinism is in
the air. A magnificent, un-
leashed capitalism — freed of
all social or moral restraints —
will be good for life's losers in
the long run. One of these
days. Such is the philosophy
of the boom-boom age.
Larer we shall see"
.VVii Yi-rl. Tmn Sent, r
The Case for Savonarola Gets a New Hearing
By Barry James
huenuiiional Herald Tribune
P ARIS — - ■ The Vatican has re-
habilitated Galileo and now it
may be the turn of Savonarola, the
enigmatic preacher who inspired a
short-lived republic in Florence
and consigned much of the city's
art heritage to a vast “bonfire of the
vanities."
Girolamo Savonarola — Do-
minican monk and Renaissance
ayatollah who terrified his city with
gangs of adolescent zealots — may
even be on the way to beatification.
Next year is the 300th anniversary
of his execution by hanging — his
body was burned and the ashes
thrown into the River Arno — and
Italy is preparing for the occasion
with exhibitions and colloquiums.
Pope John Paul H has expressed
his wish to make amends to those
the Roman Catholic Church has
wronged in history, like Galileo, as
part of the Jubilee year in 2000.
According to a leading Savona-
rola scholar, the Reverend Ar-
mando Verde, a Dominican priest
in Pistoia, Italy, it is possible and
"even a little bit probable” that
Savonarola will be rehabilitated by
the church. The archbishop of
Florence, meanw’hiie, has opened
the beatification cause, aimed at
verifying the so-called “heroic vir-
tues" that would make Savonarola
an official object of veneration in
the church. Beatification is often a
first step toward canonization or
sainthood. The Dominicans have
never disowned Savonarola, al-
though today not all are in favor of
the beatification cause. But for the
city of Florence, it is a matter of
civic pride.
Father Verde said modern text
analysis makes possible a more
balanced picture of Savonarola and
his tutelage of the Florentine Re-
public from June 1494 ro his trial
and death in May 1498.
Like a modem ayatollah, Savon-
arola railed against a great Satan —
in his case the Borgia Pope Al-
exander VI.
“Oh prostirute church," thun-
dered Savonarola, condemning its
greedy commercialism (like Luth-
er, who called him a saint, a gen-
eration later). The early church
gave its wealth to the poor, he said,
but now disdainful prelates robbed
the poor to pay for their palaces and
finery. Rome was. he proclaimed
“a monster of abomination.”
His words were conveyed
around Europe by the new miracle
of the printing press, and men came
from all over to hear his impas-
sioned sermons, which were, a con-
temporary said, ‘‘so full of terrors
and alarms, cries and lamentations,
that everyone went about the city
bewildered, speechless, and. as it
were, half dead.”
Because bis sermons touched off
waves of tears, his followers were
derided as “weepers” by the “mad
dogs” who waited and plotted for
the return of the fallen Medici
Alexander displayed remarkable
tolerance for a while. He was too
busy testing the ouier limits of
priestly celibacy and feathering the
nests of his children ro be much
interested in religion. Bur even-
tually he excommunicated Savo-
narola. who helped seal his fate by
excommunicating the Pope in ium
and calling for a general council for
the. reform of the church and to
depose Alexander.
Savonarola flattered civic pride
by telling the Florentines that they
were God’s favorites and that they
would enjoy a golden millennium
in which their city would rise pur-
ified and blissful. The council of
which he formed a part pleased the
citizens by removing taxes and set-
ring up a municipal pawnshop to
break the bankers’ grip. But it also
banned horse races, gambling and
profanity, and imposed merciless
penalties for homosexuals and
tongue-piercing for blasphemers.
The Dominicans formed gangs
of youths into a kind of moral po-
lice who roamed the city, demand-
ing alms, dispersing gamblers and
ripping the clothes off women they
considered indecently clad.
Florence then boasted a conflu-
ence of artists and sculptors. If rheir
and his Last Judgment* has beejf
described as the pictorial fiqanat'
ent of Savonarola’s seroions.
The doom Savonarola
for Florence unless it totted 8^;
came a reality. The subject city#
Pisa declared independence,
fertile lands with it Savonarola?
vendetta against Alexander and|^
alliance with France left the eft*,
economically and politically
lated. Crops failed and people^#,
of hunger. The mad dbg* am£jfc R -
. weepers clashed in d» sttects. ^e.
rival Fra ‘ "*'*
lis.TAi.4l.-
Girolamo Savonarola, from a portrait by Fra Bartolommeo.
surviving works consist largely of
saints and v irgins it may be because
Savonarola inspired or coerced the
Florentines to consign their secular
fripperies to a huge bonfire 500
years ago this year. The offending
objects made a pyre 60 feet high
and 240 feet around in the Piazza
della Signoria.
The artists' workshops produced
a variety of products from furniture
to party' decorations, and much of
the an that Florentines enjoyed in
their daily lives went up in flames.
along with ’’wicked books” like
the “Decameron,” manuscripts,
musical instruments, masks, car-
nival costumes and playing cards.
One artist threw all his nudes
onto the flames and went on to
become Fra Banolommeo, painter
of great religious works. Botticelli,
Lorenzo di Credi, Fra Angelico and
the della Robbia family were
among many inspired by the monk.
Michelangelo said he could hear
Savonarola's words as he painted
the ceiling of the Sistine Chapel.
-ranciscans
ular discontent against ti*XJb£a-
icans, widely hated as ta toners and
inquisitors. People t&s&cf pujj.
anism. Finally church attf govern.'
ment agreed Savonarola had to
go. \.
A mob marched to capooe-him,
and his friars defended him vali-
antly with clubs and swoids,
yelling “Salvum fac rpopulmn
tuum. Demine” ■— ’..save thy
people. Lord. - ■
Tortured, Savonarola confessed
to heresy, but recarried Boys
stoned him as he choked on a gib-
bet. When his body was thrown
onto the flames, his hand shot up
with fingers outstretched as im-
parting a final blessing — or curse
— and the crowd fled from the
square in panic, crushing several to
death.
The picture that emerges of
Savonarola through his intimate
writings. Father Verde said is of
"a man of faith who loved Jesus
Christ.'’ He had to make compro-
mises in the sphere of politics, “but
on the ethical and spiritual level,
absolutely never.” He was a fun-
damentalist, yet subtle enough to
convince a humanist philosopher
like Pico della Mirandola.
Much of the adverse comment
about Savonarola came from the
subsequently restored Medici dic-
tatorship, a byword for corruption
and treachery. In the year that
Savonarola died, a new figure came
onto the scene, more in keeping
with the spirit of the times. He was
an obscure Florentine bureaucrat
named Niccolo Mach ia veil i.
V -■
f ‘
f ! t \
toll’- 1 **
PEOPLE
• a Humf+ir^- TI* \ o Jicd Pic • •
JUST KICKING AROUND — Prince Charles and Steve Gibson, chair-
man of the Middlesbrough soccer club, joining in training with under- 1 1
players, after Charles had addressed a symposium on young people.
T HIS may be a case of the denial
arriving before the accusation, but
Oprah Winfrey has issued a statement
declaring that she is not gay. So who' said
she was? Rumormongers, That's who.
said the talk-show queen. She decided to
address the issue after she appeared on
the “Ellen” coming-out episode and
after the columnist Liz Smith wrote that
a huge TV star and "role model to
millions" was about to emerge from the
closer. "I am not in the closet. I am not
coining out of the closet.” Winfrey said
in her statement. "I am not gay.”
□
In one of France's biggest wine sales,
Maxim's, the eemury-old landmark
Paris restaurant, auctioned off 8.000 of
its 100.000 bottles of great wines that
age had made too expensive for timers
and too fragile to keep. Jacques Tajan,
the auctioneer, said the sale netted more
than 9 million francs (Sl.55 million),
almost doubling forecasts. The star was
a case of 12 bottles of 1945 Chareau
Mouton-Rothschiid. which went for
532.000 francs to an unidentified Ger-
man as an 85th birthday gift to an Amer-
ican who as a GI rook pan in the lib-
eration of his village in 1945. "This was
an anti-Nazi German who remembered
the mosi beautiful day in his life, the day
when the American soldier kicked open
the door - of his home," Tajan said.
"They remained in touch after the war
and he wanted to offer him the wine
bottled in 1945 with the ‘V’ victory sign
on the label," he said. More than 500
people crowded the auction room, and
Tajan kept 23 telephone lines open to
buyers around the world.
□
In London, the Canadian writer Anne
Michaels won the Orange Award for
women's fiction with her first novel
"Fugitive Pieces.” Michaels. 39, an
award-winning poet who teaches cre-
ative writing "at Toronto University,
took 10 years to write the book, about a
Jewish boy's escape from Poland to
Canada in World War II. The award,
which includes a £30,000 t $50,000)
prize, is open to women of any na-
tionality writing in English. This year’s
short list was dominated by North
Americans, and included “Alias
Grace” by Margaret Atwood. "One
by One in the Darkness” by Deirdre
Madden. “I Was Amelia Earhart” by
Jane Mendelsohn, "Accordion
Crimes” by E. Annie Proulx and
“Hen’s Teeth” by Manda Scott.
□
They will have a celebratory lunch,
mingle with the masses, even dance a
little, but the main event of celebrations
marking the 50th wedding anniversary
of Queen Elizabeth II and Prince
Philip will be a thanksgiving service at
Westminster Abbey, where they were
married on Nov. 20, 1947. Buckingham
Palace announced. The service will be
followed by a royal walkabout. Prime
Minister Tony Blair will host a lunch
for the couple in Westminster’s 17th-
century Banqueting House. In the even-
ing, the royals will hold a private.dance
at Windsor Castle, their home west of
London. On July 15, about 4,000 British
couples w ho married in 1947 will attend
an anniversary’ garden party with the
queen and her husband at Buckingham
Palace. They were chosen by lot "from
more than 40,000 couples from Britain
and irs former colonies.
□
A couple who had an agreement to
sell a house to Peter Bogdanovich say
the film director’s bankruptcy filing is
just a dodge. Bogdanovich filed for
bankruptcy protection Friday, a day
after a Los Angeles Superior Court jury
ordered him to hand over S4.2 million in
damages and fines for failing to make
payments on a $1.9 million Beverly
Hills home he was buying. The 57-year-
old director of "The Last Picture
Show” and “Mask" had been sued by
Aly and Barry Spencer, who claimed
he" stopped making payments on the
house deal, yet kept up a' lavish lifestyle
that included $250 haircuts and $50,000
vacations. Stephen Zelig, xhe Spencers'
lawyer, said the bankruptcy petition was
“a pathetic attempt to avoid his re-
sponsibilities.” It is Bogdanovich’s
second bankruptcy filing in 1 2 years. He
declined to comment.
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